Databutton Company Profile

Background

Overview

Founded in 2021 and headquartered in Oslo, Norway, Databutton is a privately held company specializing in low-code platforms that enable users to build and launch AI-powered applications. The company's mission is to democratize app development by allowing individuals, regardless of technical expertise, to create interactive web applications swiftly. Databutton's platform facilitates the development of AI assistants, chatbots, and automation services, making advanced technology accessible to a broader audience.

Key Strategic Focus

Core Objectives

Democratization of App Development: Empowering non-technical users to build and deploy AI applications without extensive coding knowledge.

Rapid Deployment: Enabling swift creation and launch of applications to meet dynamic market demands.

Specialization Areas

AI-Powered Applications: Focus on developing tools that integrate artificial intelligence to enhance functionality and user experience.

Low-Code Development: Providing a platform that minimizes the need for manual coding, streamlining the development process.

Key Technologies Utilized

AI Assistant "Databutler": An AI-driven tool that guides users through the app development process, from planning to execution.

Integration with AI Models: Support for models such as OpenAI's GPT-4, facilitating advanced AI functionalities within applications.

Primary Markets Targeted

Entrepreneurs and Startups: Individuals and small teams seeking to develop and launch applications without significant technical resources.

Businesses Seeking Digital Transformation: Organizations aiming to integrate AI capabilities into their operations to enhance efficiency and innovation.

Financials and Funding

Funding History

Seed Round (September 2023): Databutton secured $5.1 million in seed funding.

Notable Investors

Maki.vc: A venture capital firm focusing on early-stage technology companies.

Skyfall Ventures: An investment firm specializing in technology startups.

Arkwright X: A venture capital firm investing in innovative technology companies.

Sondo Capital: An investment firm supporting early-stage technology ventures.

Utilization of Capital

The funds are intended to enhance the development of Databutler, refine the platform's features, and support the company's market launch and expansion efforts.

Pipeline Development

Key Developments

Beta Launch (January 2023): Databutton introduced its platform in beta, attracting nearly 4,000 users who built approximately 5,000 web applications.

Full Launch (Anticipated Late 2023): Plans to officially launch the platform, incorporating feedback from the beta phase to enhance user experience and functionality.

Technological Platform and Innovation

Proprietary Technologies

Databutler: An AI assistant that collaborates with users to build interactive web applications, utilizing natural language processing to interpret user instructions and generate corresponding code.

Significant Scientific Methods

AI-Driven Code Generation: Employing machine learning algorithms to translate user inputs into functional code, facilitating rapid development and deployment.

Leadership Team

Executive Profiles

Trygve Karper: Co-Founder and Chief Executive Officer. Former Vice President of Machine Learning Engineering at Cognite, with experience as an R&D Engineer at Schlumberger Information Solutions and Associate Professor of Numerical Mathematics at NTNU.

Martin Skow Røed: Co-Founder and Chief Technology Officer. Previously served as Principal Product Manager at Cognite, Co-Founder at Sports Trading Fund, and Co-Founder & former CEO at Trademate Sports.

Viral Shah: Co-Founder and Chief Product Officer. Former Head of Product at Cognite, Designer & Product Strategist at Brite, Senior Product Manager at Microsoft, and Consultant at Office for Technical Consulting Resources.

Competitor Profile

Market Insights and Dynamics

The low-code and no-code development platform market is experiencing significant growth, driven by the increasing demand for rapid application development and the integration of AI capabilities. Businesses and entrepreneurs seek solutions that enable swift deployment of applications without extensive coding knowledge.

Competitor Analysis

Predera: Provides an automation engine for monitoring and managing AI and machine learning applications.

Vellum: Offers a developer platform for producing large language model applications.

Testaify: Develops an AI-powered testing platform for defect detection, fixing, and validation.

Patronus AI: Provides an AI evaluation and security platform.

These competitors focus on various aspects of AI application development and management, contributing to a dynamic and evolving market landscape.

Strategic Collaborations and Partnerships

Databutton has established partnerships with venture capital firms such as Maki.vc and Skyfall Ventures, providing financial support and strategic guidance to enhance the company's growth and market presence.

Operational Insights

Strategic Considerations

Market Positioning: Databutton differentiates itself by offering an AI-assisted, low-code platform that caters to non-technical users, addressing a significant market need for accessible app development tools.

Competitive Advantages: The integration of AI-driven code generation and a user-friendly interface positions Databutton as a compelling choice for entrepreneurs and businesses seeking rapid application development solutions.