About Unqork
Unqork was founded in 2017 by Gary Hoberman, a former Citigroup and MetLife technology executive, based on the observation that large enterprises, particularly in complex, heavily regulated industries such as insurance and financial services, often need to build substantial, complex custom software applications, such as insurance policy administration systems or complex financial workflow applications, but that traditional custom software development for applications of this complexity typically requires significant time and specialized engineering resources, while many existing no-code and low-code platforms of the era were designed primarily for simpler internal business tools rather than the level of complexity and regulatory rigor that mission-critical applications in industries like insurance and financial services typically require.
Unqork's platform lets enterprises build genuinely complex, enterprise-grade software applications using a visual, no-code development approach, without requiring traditional hand-written code, aiming to significantly reduce the time and specialized engineering resources required to build and maintain complex custom applications relative to traditional software development approaches, while still supporting the level of application complexity, integration requirements, and regulatory compliance rigor that mission-critical applications in industries like insurance and financial services demand, differentiating itself from simpler no-code tools that the company has argued are better suited to more basic internal tools than genuinely complex, mission-critical enterprise applications. The company has particularly focused on the insurance industry as a core customer vertical, building tools and pre-built components specifically relevant to common insurance industry application needs, such as policy administration and claims processing workflows, reflecting deep domain-specific product development informed by founder Gary Hoberman's own prior insurance and financial services technology leadership experience. Unqork has positioned its no-code approach as letting enterprises modernize legacy systems and build new complex applications significantly faster than traditional custom software development, while reducing the ongoing maintenance burden associated with large custom codebases built using traditional software development approaches. The company's customers span large enterprises, particularly in insurance, financial services, and government, with complex application development needs. Unqork has raised very substantial venture funding from investors including Ontario Teachers' Pension Plan, Goldman Sachs, and Bessemer Venture Partners, reaching a valuation exceeding $2 billion.
