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Home » Enterprise Software Innovator Fastn Raises $2.6M to Accelerate Growth

Enterprise Software Innovator Fastn Raises $2.6M to Accelerate Growth

…to Power Composable Architecture

Joan Aimuengheuwa by Joan Aimuengheuwa
September 6, 2024
in StartUPs
0
Enterprise Software Innovator Fastn Raises $2.6M to Accelerate Growth
Khalid Muaydh, founder and CEO at Fastn

Khalid Muaydh, founder and CEO at Fastn

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Fastn, a company changing the way enterprises approach software application development through its innovative composable architecture platform, has announced a $2.6M Seed funding round. 

The round was led by LiveOak Ventures and Antler, enabling Fastn to pivot in the composable architecture space. 

Other investors, including Netlify Co-Founder and MACH Alliance executive board member Chris Bach and Loop Co-Founder Kyle Hency, also participated in the round.

With the growth of the digital industry, Fastn is keying in with its offerings of a transformative solution set to seamlessly compose and connect modular components, bringing a new standard for flexibility and efficiency in composable application development.

“Each era of application architecture has required a new platform to integrate between components,” said Creighton Hicks, partner at LiveOak Ventures. “Composable – or headless – architecture is rapidly gaining mindshare, yet enterprises struggle to adopt it and rely on custom code to connect components. Fastn is uniquely positioned to be this new platform, enabling enterprises to easily adopt composable architecture.” 

The evolution of enterprise IT began with monolithic systems (pre-2000s), where TIBCO led in data integration. While these systems were powerful, they struggled with scalability and adaptability as business demands grew. 

The 2000s introduced Service-Oriented Architecture (SOA), with MuleSoft’s Platform emerging as a leader in API integration. SOA improved modularity but faced challenges with complex orchestration and limited flexibility. 

The 2010s saw the rise of microservices, which enhanced application development through API-centric and event-driven designs. However, this approach introduced significant complexity and difficulties in achieving seamless integration and observability.

Today, composable architecture (late 2010s to early 2020s) is being transformed by Fastn. Leveraging AI, Fastn simplifies the process of composing and connecting modular components, focusing on reusability, adaptability, and observability. 

Instead of custom-building applications from scratch, businesses can now rapidly compose and connect existing solutions, break down silos, and streamline their technology stacks.

Founded in March 2023, the company launched its proof-of-concept just a few months later and began to speedily acquire early adopter beta users. “Fastn is redefining application development for the modern enterprise,” said Khalid Muaydh, founder and CEO at Fastn. 

“Our platform transforms the way businesses create and integrate composable applications, offering a flexible and efficient approach. We’re leading the charge in composable architecture, driving the future of enterprise software.”

Chris Bach, board member at MACH Alliance which offers a check-mark for enterprise-software, commented: “Composability is the future of development, though it comes with its own set of challenges. While it offers tremendous potential, the complexities of orchestration and operation involved can hinder progress if not done right. 

“Fastn’s mission is promising, as it aims to address something that is core for these challenges head-on, simplifying composing applications and enabling developers to focus on what truly matters—crafting exceptional user experiences.”

Fastn’s no-code/low-code platform makes complex integrations straightforward, enabling organizations to innovate and adapt with unprecedented speed.

The ability to orchestrate different data sources together allows Fastn to address real-time data accuracy, which recent research has shown is, alongside data security, one of the top two most important factors for computer users.

HP, a leading Fortune 100 company, has adopted Fastn’s composable platform to enhance its composable application development process. “Fastn has enabled us to connect our APIs with our customers’ applications and infrastructure, drastically reducing our time-to-market. With Fastn, what used to take weeks and months now takes hours and days” said Gaurav Roy, VP of Engineering at HP. 

“Leveraging Fastn, we’ve eliminated development bottlenecks and significantly expanded the customer environments we address, connected disparate systems more efficiently, and significantly the scale our application can handle. 

“By white-labeling aspects of Fastn within our UI, we’ve empowered our customers with guided, self-serve capabilities, allowing us to meet their evolving needs. Backed by robust security and SOC-2, Fastn provides enterprise-grade assurance that HP requires to scale securely.”

Prerna Sharma, general partner at Antler, commented, “Fastn is now positioned to build the defining solution that will change the way engineers compose workflows and orchestrate real-time data, surpassing existing traditional iPaaS solutions.”

With recent enterprise contracts and growing user base, Fastn is now open for public access and is inviting developers to start building with Fastn today. 

In the coming months, Fastn will expand its platform with enhanced AI agent capabilities, empowering users to orchestrate multiple APIs with AI-driven automation. The company is using this momentum to grow the team—interested candidates can apply here.

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Tags: AntlerChris BachCreighton HicksEnterprise SoftwareFastnKhalid MuaydhKyle HencyLiveOak VenturesPrerna Sharma
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