Nected raises $1.5 Million led by Binny Bansal’s Three State Ventures

Nected, a next-generation low-code platform, has gotten a major uplift in funding as it raised $1.5 million in its seed funding round. This was facilitated by Three State Ventures led by Binny Bansal who is renowned as an eminent venture capital firm. Some of the other investors that invested in the round include Endurance Capital, Relentless VC, Climber Capital, Lykke Capital, and Forward Slash Capital. Most importantly, more than 15 founders and the CXOs supported the funding actively.

Image Source: Nected  

Traditional Software Development

Connected addresses the issues of time and space implicit in the typical software development model. In this capacity, it serves as a toolkit for implementing pre-built tech building blocks that may help businesses improve their workflows. Nected helps in decision-making since it has powerful rule engines for processing complicated logic and workflows. The platform comes with improved automation of workflows, thus cutting across the time that would have been spent on manually handling various tasks. Nected makes it easy for companies to optimize their product and services through efficient A/B testing. 

Product Enhancement

Nected wants to improve the usability of its platform and accommodate users of all types. Compatibility with current systems is essential. Interconnected plans to improve the integration processes making for a better working environment. In the future, Nected will operate in other countries and territories as the demand for its products and services increases. 

Nected handle security and compliance

Nected, the next-generation low-code platform, has made security and compliance integral to the platform to support sound functioning. Nected utilizes its rule engine to automate compliance monitoring. It also helps in ensuring that financial operations do not contravene regulations in the process of their performance. Auditees obtain an actual-time understanding of auditing processes. Interim corrections are possible, thus improving the monitoring of financial operations.

The connected advanced analysis tools assist in managing financial risks, thereby preventing any potential issues from arising. Simplified and seamless modification of the compliance environments in light of new rules and market trends to maintain compliance. Nected is a very flexible platform that works for every need and can easily be scaled up or down. 

Data Privacy and Protection

An innovative low-code platform, Nected stresses about the data privacy and protection. Nected’s no-code rule engine makes compliance checks dynamic, allowing organizations to meet regulatory requirements. Real-time information can be useful to make necessary changes and keep track of financial operations. Nected connects to databases like MongoDB, and Postgres through connectors. Custom queries pull and aggregate data, reducing the amount of raw, sensitive data that is visible. Rule outcomes shall be DB operations (INSERT, UPDATE, DELETE) or invoke REST APIs. Nected offers its Terms of Service and contains a Data Protection Addendum to ensure customer privacy. 

Global Impact

Nected was established by Prabhat Gupta and Mukul Bhati. Before this venture, he co-founded TravelTriangle, an online travel aggregator and distribution platform. On the other hand, Mukul helped found FastFox, a real estate firm that was subsequently bought by Elara Group – the company that owns Housing. Nected is reaching more than twenty customers in five countries. This configuration makes it ideal for further growth and expansion as it offers a different model in software development. 

Conclusion

Nected’s recent funding round with participation by Binny Bansal’s Three State Ventures reestablishes its goal of transforming software development. Since efficiency is becoming the new norm for businesses, Nected’s low-code platform is ready to become the next significant driver of progress in the tech industry.