Appsmith Raises $41 Mn To Help Enterprises Build Low Code Custom Apps

Appsmith Raises $41 Mn To Help Enterprises Build Low Code Custom Apps

SUMMARY

Appsmith will deploy funds to build its open-source software and introduce additional features on the platform for its customers

Appsmith is an open-source low-code software startup that helps organisations to build and customise apps as per requirements

It has a headcount of 95 employees working across 16 countries and has grown its user base by 15x in the last year

US and India-based app development startup Appsmith has raised $41 Mn in its Series B funding round led by Insight Partners. The round also saw participation from Accel, Canaan Partners, OSS Capital and a few other angel investors.

Appsmith will deploy funds to build its open-source software and introduce additional features on the platform for its customers (enterprises). 

Inc42 has reached out to the Appsmith founders, seeking confirmation and the story will be updated with their responses.

Founded in 2019 by Arpit Mohan, Abhishek Nayak and Nikhil Nandagopal, Appsmith is an open-source low-code software startup. It helps organisations to build and customise apps as per requirements. 

The startup provides tools using which developers can build applications within hours using the Appsmith’s pre-built components and APIs. The subscription-based startup then helps these startups test and deploy a web application where users are authenticated using a dashboard.

Appsmith has a headcount of 95 employees working across 16 countries. It has grown its user base by 15x since last year and claims to have over 7K users using its services every month. 

In October 2021, Appsmith had secured $8 Mn in its Series A funding round. Previously,  bagged $2.5 Mn in its seed funding round. With this round, the startup has so far raised $51.5 Mn in funds and its captable has Canaan Partners, Accel Partners, Bessemer Venture Partners, OSS Capital and Rippling’s Prasanna Sankar on its board. 

Appsmith competes with other low-code software startups including Builder.ai, Visual LANSA, Mendix, WaveMaker, and Appian. 

The global mobile app development market is estimated to reach $44.3 Tn by 2027 while the global low-code development platform market will be a market worth $45.5 Bn by 2025. Competing for a share of the market, Appsmith’s competitors have been on a funding spree in the past few months.

In March, Builder.ai raised $100 Mn while Vajro and Plobal Apps raised $8.5 Mn each to strengthen their foothold in India and enter global markets.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Appsmith Raises $41 Mn To Help Enterprises Build Low Code Custom Apps-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Appsmith Raises $41 Mn To Help Enterprises Build Low Code Custom Apps-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Appsmith Raises $41 Mn To Help Enterprises Build Low Code Custom Apps-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Appsmith Raises $41 Mn To Help Enterprises Build Low Code Custom Apps-Inc42 Media
Appsmith Raises $41 Mn To Help Enterprises Build Low Code Custom Apps-Inc42 Media
You’re in Good company