What is Appsmith?
Founded in 2019, Appsmith addresses the critical need for streamlined internal application development. By offering an open-source platform, Appsmith empowers backend engineers to create custom web applications with a low-code methodology, fostering community involvement and rapid iteration. This approach democratizes the development of essential business tools, allowing organizations to build and deploy internal applications more efficiently.
How much funding has Appsmith raised?
Appsmith has raised a total of $10.5M across 2 funding rounds:
Angel/Seed
$2.5M
Series A
$8M
Angel/Seed (2021): $2.5M with participation from Accel North America
Series A (2021): $8M led by Canaan Partners
Key Investors in Appsmith
Accel North America
Accel North America is an IT services company focused on creating strategic solutions. Their involvement suggests a belief in Appsmith's potential to deliver significant value through efficient software development.
Canaan Partners
Canaan Partners is a venture capital firm known for investing in technology and healthcare companies. Their participation indicates confidence in Appsmith's disruptive potential within the enterprise software landscape.
What's next for Appsmith?
With its recent enterprise-level backing, Appsmith is poised for significant expansion. The capital infusion is expected to accelerate product development, enhance the open-source community's capabilities, and scale the company's go-to-market strategy. This strategic financing will likely enable Appsmith to further solidify its position in the rapidly evolving market for internal development platforms, potentially driving innovation in low-code solutions for enterprise needs.
See full Appsmith company page
