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Mendix is a low-code software development platform that enables organizations to create and deploy enterprise applications quickly and efficiently. The company was founded in 2005 and is based in Boston, Massachusetts. In 2018, Mendix was acquired by Siemens AG, a multinational conglomerate headquartered in Munich, Germany, which offers a broad range of products and services in the fields of electrification, automation, and digitalization.
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In 2024, Mendix's revenue reached $169.8M. The company previously reported $128.7M in 2023. Since its launch in 2005, Mendix has shown consistent revenue growth.
Mendix has not publicly disclosed its valuation. The company has raised $38M in total funding to date.
Mendix has raised $38M in total funding across 2 rounds, with its most recent round in 2014.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2014 | Funding round | $25M | - | - | |
| 2011 | Funding round | $13M | - | - |
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Mendix serves 10M customers.
Mendix employs approximately 1.3K people as of 2026, including 86 sales reps that carry a quota. It serves 10M customers that rely on its solutions.
Mendix generates an estimated $169.8M in annual revenue.
Mendix was founded by Tim Srock.
The CEO of Mendix is Tim Srock.
Mendix raised $38M across 2 rounds.
Mendix has 1.3K employees.
Mendix is headquartered in Boston, Massachusetts, United States.
Mendix operates across multiple industries. Browse revenue, funding, and growth data for Mendix in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$169.8M(Est.)
Customers
10M
Funding
$38M
Avg ACV
$17
Team
1.3K
Founded
2005
| Year | Milestone | Source |
|---|---|---|
| 2024 | Mendix Hit $169.8m revenue in October 2024 | Estimated |
| 2023 | Mendix Hit $128.7m revenue in October 2023 | Estimated |
| 2021 | Mendix Hit $100.2m revenue in April 2021 | |
| 2005 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 1.3K employees (October 2024) | |
| 2023 | Reached 1.3K employees (October 2023) | |
| 2022 | Reached 1.3K employees (October 2022) | |
| 2021 | Reached 1.2K employees (December 2021) | |
| 2021 | Reached 916 employees (April 2021) |
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