As another competitor to Airplane (not a direct one, however), I also find it really sad that they are shutting down. They were able to build a good product for their market segment, but it seems like they failed operationally and burned through all their cash. And probably because AI is attracting all the available VC money now, it was hard for them to raise more.
Interestingly, this is already the second product from the "Internal Tools" segment to shut down. The first one was internal.io, which announced its closure in December. However, in their case, I believe it was more of a product issue, though they still had several big names among their clients.
I wonder if this is a sign of consolidation in the internal tools/low-code segment and how many of the players in this market will be able to survive the current economic situation. I suspect that many VC-funded products, especially the smaller ones, are at high risk. And I can only be grateful that UI Bakery is bootstrapped, profitable, and at one point we decided not to take any investments and grow slowly but remain independent.
Interestingly, this is already the second product from the "Internal Tools" segment to shut down. The first one was internal.io, which announced its closure in December. However, in their case, I believe it was more of a product issue, though they still had several big names among their clients.
I wonder if this is a sign of consolidation in the internal tools/low-code segment and how many of the players in this market will be able to survive the current economic situation. I suspect that many VC-funded products, especially the smaller ones, are at high risk. And I can only be grateful that UI Bakery is bootstrapped, profitable, and at one point we decided not to take any investments and grow slowly but remain independent.