# Appsmith

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appsmith

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.appsmith.com
- Total disclosed funding: $53M
- Latest round: Series B (May 15, 2022)
- Investors on record: 5

## About

Appsmith Inc. is a low-code application development platform that empowers businesses to create custom applications rapidly, facilitating seamless integrations with various data sources to enhance operational efficiency.Founded in 2019 in San Francisco, US, Appsmith Inc. specializes in providing an open-source low-code platform for developing enterprise applications. The company was co-founded by Abhishek Nayak and Arpit Mohan, with Nayak serving as the CEO. In May 2022, Appsmith raised USD 42.00 mn in Series B funding led by Insight Partners, with participation from Accel, Canaan Partners, and OSS Capital, bringing the total amount raised to USD 42.00 mn and the current company valuation to USD 227.99 mn. The firm has completed 3 investment deals to date, with the most recent deal occurring on May 15, 2022.Appsmith offers a low-code application platform designed for rapid development of custom enterprise applications. Its versatile tools enable users to connect with various data sources, including databases, SaaS tools, and REST/GraphQL APIs, facilitating the creation of tailored applications. The platform features an intuitive interface with drag-and-drop widgets, built-in AI actions, and customizable JavaScript logic. Appsmith serves clients across diverse sectors, including technology, healthcare, and enterprise services, with notable users like GSK and F22 Labs. The products are primarily marketed in North America, Europe, and Asia, catering to businesses seeking efficient application development solutions.Appsmith generates revenue through a subscription model tailored to businesses of all sizes, from startups to large enterprises. Clients can select from various pricing tiers based on their specific requirements, which include self-hosting options, advanced security features, and enterprise-grade support. The revenue model is supported by the Community Edition, available for free, which promotes broader adoption among developers. The company also collaborates with partners to provide customized solutions, contributing to ongoing revenue streams through these partnerships. The business model involves direct customer interactions through subscriptions and custom development projects, reinforcing its footprint in the low-code application market.Following the Series B funding round in May 2022, Appsmith plans to use the USD 42.00 mn to continue enhancing its open-source software offerings while developing support services and paid versions with advanced security features. The company aims to expand its presence in new markets, focusing on regions in North America, Europe, and Asia, to cater to a growing demand for low-code solutions. This strategy includes launching new product features aimed at improving user experience and application development capabilities.

## Funding rounds

- Series B, May 15, 2022, $42M — Accel, Canaan Partners, Insight Partners, OSS Capital
- Series A, Oct 5, 2021, $8M — Accel, Canaan Partners, Bessemer Venture Partners, OSS Capital
- Seed, Jun 1, 2021, $2.5M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B
- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series A, Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A
- OSS Capital (https://capitalatlas.ai/funds/oss-capital) — Series A, Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B