Convex

Convex

Serverless infrastructure company. Learn more

Financials

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Revenues, earnings & profits over time
USD2023
Revenues2.4m
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DateInvestorsAmountRound
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$3.5m

Seed
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$25.7m

Valuation: $128m

Series A
Total FundingCAD39.8m

Recent News about Convex

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More about Convexinfo icon
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Convex Systems, Inc. is a startup focused on revolutionizing backend development for reactive applications. The company provides a zero-setup, infinitely scalable backend solution designed to meet the needs of modern app developers. Convex aims to simplify the development process by eliminating the need for developers to manage complex backend infrastructure. This allows developers to focus on building fast, reliable, and dynamic systems without worrying about the underlying technology stack.

Convex primarily serves software developers and engineering teams who are building reactive applications. Reactive applications are those that provide real-time feedback to users, such as live chat apps, collaborative tools, and real-time data dashboards. The company operates in the software development market, specifically targeting the backend-as-a-service (BaaS) segment.

The business model of Convex is based on providing a managed backend service. This means that developers can use Convex's platform to build and deploy their applications without having to set up or maintain their own servers. Convex makes money by charging subscription fees for access to its platform. These fees are likely tiered based on usage, allowing smaller teams to start with a lower cost and scale up as their needs grow.

Convex has garnered significant attention and investment from notable figures in the tech industry, including partners from a16z, Sequoia Capital, and Kleiner Perkins, as well as co-founders from companies like Dropbox and Segment. This strong backing underscores the potential impact Convex could have on the software development landscape.

In summary, Convex Systems, Inc. is poised to change how developers approach backend development by offering a scalable, easy-to-use platform that removes the complexities of managing backend infrastructure. This enables developers to build sophisticated, real-time applications more efficiently.

Keywords: backend-as-a-service, reactive applications, scalable backend, software development, managed backend, real-time apps, developer tools, infrastructure simplification, tech startup, subscription model.