Appsmith, a San Francisco, CA-based open-source low code software for developers to build internal tools, raised $41m in Series B funding.
The round, which brought total funding to $51.5m, was led by Insight Partners, with participation from Accel, Canaan, OSS Capital, and angel investors including Jeff Hammerbacher, co-founder of Cloudera, and Abhinav Asthana, co-founder of Postman.
The company intends to use the funds to continue building out its open source software while delivering support services as well as a paid version of the software with additional security features needed by enterprises.
Led by Abhishek Nayak, co-founder and CEO, Appsmith provides open-source low code software that helps developers build internal and CRUD (create, read, update and delete) type applications within hours. Software engineers build the user interface with pre-built components, code the business logic by connecting application programming interfaces (APIs) along with any database, then test and deploy a web application where users are authenticated using a dashboard.
Since being introduced less than two years ago, the open source software has more than 10 million downloads, and is used at over 10,000 organizations.
Last year, the company introduced more than 150 enhancements, including major features like JS Editor, version control, and 30-plus new widgets and variations. In total, 184 features were released. Appsmith also now has more than 18,000 community members with 192 contributors.
FinSMEs
23/06/2022