Fastn secures USD $2.6 million to advance composable architecture

Fastn has announced the successful closure of a seed funding round, securing USD $2.6 million. The round was led by LiveOak Ventures and Antler, with additional investment from Chris Bach, Co-Founder of Netlify, and Kyle Hency, Co-Founder of Loop. This funding is expected to bolster Fastn's development and market presence in the burgeoning field of composable architecture.

Fastn's platform aims to revolutionise the way businesses integrate software applications by enabling the rapid composition and connection of modular components. Khalid Muaydh, founder and CEO of Fastn, stated, “Our platform transforms the way businesses create and integrate composable applications, offering a flexible and efficient approach. We're leading the charge in composable architecture, driving the future of enterprise software.”

According to Creighton Hicks, partner at LiveOak Ventures, “Each era of application architecture has required a new platform to integrate between components. Composable or headless architecture is rapidly gaining mindshare, yet enterprises struggle to adopt it and rely on custom code to connect components. Fastn is uniquely positioned to be this new platform, enabling enterprises to easily adopt composable architecture.”

The company's platform is designed to overcome challenges associated with previous architectural styles, such as monolithic systems, Service-Oriented Architecture (SOA), and microservices, each of which had scalability, flexibility, and integration limitations.

HP, a prominent Fortune 100 company, has already adopted Fastn's platform. Gaurav Roy, VP of Engineering at HP, remarked, “Fastn has enabled us to connect our APIs with our customers' applications and infrastructure, drastically reducing our time-to-market. With Fastn, what used to take weeks and months now takes hours and days. Leveraging Fastn, we've eliminated development bottlenecks and significantly expanded the customer environments we address, connected disparate systems more efficiently, and significantly the scale our application can handle. By white-labelling aspects of Fastn within our UI, we've empowered our customers with guided, self-serve capabilities, allowing us to meet their evolving needs.”

Chris Bach, an executive board member at MACH Alliance, commented, "Composability is the future of development, though it comes with its own set of challenges. While it offers tremendous potential, the complexities of orchestration and operation involved can hinder progress if not done right. Fastn's mission is promising, as it aims to address something that is core for these challenges head-on, simplifying composing applications and enabling developers to focus on what truly matters—crafting exceptional user experiences.”

The no-code/low-code platform provided by Fastn simplifies complex integrations, allowing organisations to innovate swiftly. Recent research indicates that real-time data accuracy and security are the two most important factors for computer users, which Fastn aims to address by orchestrating disparate data sources.

Prerna Sharma, general partner at Antler, added, “Fastn is now positioned to build the defining solution that will change the way engineers compose workflows and orchestrate real-time data, surpassing existing traditional iPaaS solutions.”

The newly raised funds will support the expansion of Fastn’s platform to include enhanced AI agent capabilities, enabling users to orchestrate multiple APIs with AI-driven automation. Fastn is also looking to expand its team and has opened its platform for public access, inviting developers to start building with Fastn.