Fastgen Analysis
What is Fastgen?
Fastgen is a low-code API and workflow builder with an integrated Postgres database. The product supports drag-and-drop creation of scalable APIs, scheduled jobs, background tasks, and user management. Y Combinator lists Fastgen as a Winter 2023 company founded in 2023 and based in New York, with a current team size of seven.
Location
524 Broadway, New York, New York 10012, United States
Employees
1-10
Founded
2023
Revenue
$1.1M
Company Stage
Pre-Seed
YC Batch
W23
Product Features & Capabilities
- Create APIs, Debug APIs, Logging, Cron jobs, Database management, Workflow automation, Low code API builder, Environment variables management, Conditional flow controls, AI SQL Copilot, Custom code integration, YAML Config file generation, Native integrations with tools.
Pricing
- Free: Free forever, 4k flow runs/month, 5 flows (APIs or workflows), Basic integrations.
- Starter: $15/month, 10k flow runs/month, 25 flows (APIs or workflows), 2GB database storage, All integrations.
- Pro: $44/month, 20k flow runs/month, Unlimited flows (APIs or workflows), No rate limiting, Custom domains, Connect external DB.
- Team: $106/month, 40k flow runs/month, Unlimited users, Priority support & shared slack, Onboarding assistance.
- Enterprise: Tailored for enterprises, enhanced security, SLAs, on-prem hosting, premium onboarding assistance, and additional features (Contact Sales).
Who are the founders of Fastgen
Investors
- Y Combinator
- Rainfall Ventures
- Rebel Fund
- Two other unnamed investors
Market Focus
Fastgen primarily focuses on the low-code development industry, specifically providing tools for building scalable backends, APIs, and workflows. Their platform is designed to enhance product development efficiency for developers and businesses looking to automate processes without extensive coding knowledge.
Competitors Overview
Fastgen operates in the low-code API and workflow builder market, facing competition from several notable companies:
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Zapier: A widely used automation tool that connects over 7,000 apps, allowing users to automate workflows without coding. It is user-friendly and priced at $19.99 per month. Its extensive app integrations are a significant advantage.
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Microsoft Power Automate: This tool automates business processes and integrates seamlessly with Microsoft services. It offers AI capabilities and is priced at $15 per user per month, making it a strong choice for organizations already using Microsoft products.
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Magicflow: Focused on AI workflows, Magicflow provides a drag-and-drop interface for creating workflows quickly. It emphasizes ease of use and rapid iteration, appealing to users looking for straightforward automation solutions.
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Quickwork: Priced at $20 per month, Quickwork allows users to create workflows and publish APIs without coding. Its drag-and-drop interface and support for various applications make it accessible for non-technical users.
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n8n: This platform enables users to build complex automations with a user-friendly interface, also priced at $20 per month. It allows for deep data integration, catering to users who need more advanced capabilities.
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ToolJet: An open-source low-code framework that allows for rapid development of internal tools. Its customization and flexibility are key advantages over proprietary solutions.
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Budibase: This platform enables quick creation of custom web applications, emphasizing rapid development and automation, suitable for both developers and non-developers.
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Illa: Another open-source platform focused on internal tools, offering real-time collaboration and extensive integrations.
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Dropbase: Combines AI with a code-centric approach for rapid web application development, providing AI-assisted development and full code flexibility.
These competitors highlight various strengths, such as ease of use, integration capabilities, and specific automation features, which may appeal to different user needs compared to Fastgen's offerings.
Business Model
Tiered plus usage-based pricing model with Free, Starter, Pro, and Team plans.
Company Pricing
- Free: Free forever, 4k flow runs/month, 5 flows (APIs or workflows), Basic integrations.
- Starter: $15/month, 10k flow runs/month, 25 flows (APIs or workflows), 2GB database storage, All integrations.
- Pro: $44/month, 20k flow runs/month, Unlimited flows (APIs or workflows), No rate
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