Coherent, a global no-code software-as-a-service (SaaS) provider, has closed a $75 million Series B funding round led by Maverick Capital, including Maverick Ventures, with participation from Owl Rock, a Blue Owl division, GreatPoint Ventures, and existing investors Cathay Innovation and Franklin Templeton.

Coherent is a global software-as-a-service (SaaS) company redefining how business and IT teams build software together. Coherent's core technology, Spark, is a no-code SaaS platform that makes building business software as fast, approachable, and cost-effective as using Excel.