After the rise of “low-code” and “no-code” development, now is the time of “Extreme No-Code,” according to Ukrainian-founded startup Platma, which has recently secured $2 million from international investors.
No-code development has already gained traction as a method that allows users with little to no programming skills to quickly create applications, websites or modules that link into an existing system. According to Platma’s founder, Yaroslav Kologryvov, “Extreme No-Code” takes this further, thanks to natural language processing and AI, allowing users to build applications simply by describing their requirements in plain English or other natural languages.
As simple as that — and Platma’s AI will “turn your request into tech specs and a ready-to-go solution,” acting “like a 24/7 business whiz.”
Kologryvov believes that traditional software development processes could be among the most significantly transformed by this “Extreme No-Code” methodology. Quoting a Gartner report, Platma projects that by 2025, 70% of new applications built by organizations will use low-code or no-code platforms—up from less than 25% in 2020.
However, one of Platma’s first projects is not commercial: the startup has created a social protection portal in collaboration with the Transcarpathia region of Western Ukraine. The portal facilitates payments and reimbursement of medical expenses for wounded or injured soldiers, while families of missing combatants can apply for financial assistance. According to Platma, the application process typically takes 10 to 20 minutes, with decisions made within three days.
Founded in October 2022 by Maksym Kolyada, Serhii Kozlov and Maksym Prokhorov alongside Kologryvov, Platma is headquartered in San Francisco, with its largest office in the UAE. The team is also spread across Portugal, Cyprus and Kazakhstan. Their early clients hail from Ukraine, Slovenia, Kazakhstan and other regions, with approximately 10,000 users who have created thousands of applications, reports Platma.
The startup’s pre-seed round attracted $2 million from major investors with ties to the former Soviet region. Almaz Capital, led by industry veteran Sasha Galitsky, and Kazakhstan-based EA Group each contributed $500,000. According to Crunchbase, other backers included Activat.VC (Kazakhstan), Caucasus VC (Azerbaijan), Noventiq (UK), Tumar Venture (Kazakhstan), and prominent Kazakhstani business angel Murat Abdrakhmanov.
This round positioned the company at a valuation of $20 million.
