No-code AI startup Gumloop has raised $50 million in a Series B funding round led by Benchmark, bringing its total funding to $70 million. Founded in mid-2023 by CEO Max Brodeur-Urbas, the platform enables non-technical employees to build and deploy autonomous AI agents. The startup will use the capital to expand its engineering and sales teams to meet surging enterprise demand from clients like Shopify and Ramp, shifting away from its original lean staffing plans.
Gumloop Series B funding
- ▪The Series B investment brings Gumloop's total outside funding to $70 million
- ▪The Series B funding round included participation from Shopify Ventures, Y Combinator, Nexus VP, First Round Capital, BoxGroup, The Cannon Project, and Shopify
- ▪Gumloop raised $50 million in a Series B funding round led by Benchmark
No-code AI agent platform
- ▪Gumloop introduced Gumstack, a security and monitoring infrastructure that tracks data usage and enforces cybersecurity rules across enterprise AI workflows
- ▪Gumloop's platform allows non-technical employees to build, deploy, and share autonomous AI agents using a drag-and-drop interface and natural language
- ▪Gumloop's platform is model-agnostic, allowing users to route tasks across multiple AI providers including OpenAI, Anthropic, and Google's Gemini
Enterprise customer adoption
- ▪During due diligence, Benchmark general partner Everett Randle found an enterprise customer where employees used Gumloop daily while two competing platforms went unused over six months
- ▪Gumloop's platform has been adopted by enterprise customers including Shopify, Ramp, Gusto, Samsara, Instacart, and Opendoor
Benchmark partnership
- ▪Gumloop co-founder and CEO Max Brodeur-Urbas stated that partnering with Benchmark was an unequivocal decision and a no-brainer
- ▪Benchmark general partner Everett Randle led the Series B investment, marking his first deal since joining Benchmark from Kleiner Perkins
Team expansion strategy
- ▪Gumloop plans to use the Series B proceeds to expand its engineering and sales teams to meet rising enterprise demand
- ▪Gumloop CEO Max Brodeur-Urbas shifted from an initial plan of building a lean 10-person company to scaling up due to surging enterprise interest
Competitive market position
- ▪Gumloop operates in a competitive landscape that includes established automation platforms like Zapier and n8n, and specialized agent builders like Dust
- ▪Gumloop faces direct competition from foundational AI labs, such as Anthropic's Claude Co-Work, which offer no-code agent creation
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