About Appsmith
Appsmith is a company based in Bengaluru (India) founded in 2019 by Nikhil Nandagopal, Arpit Mohan, and Abhishek Nayak.. Appsmith has raised $49 million across 2 funding rounds from investors including Bessemer Venture Partners, Accel and Canaan. The company has 89 employees as of April 03, 2024. Appsmith offers products and services including Appsmith Platform and AI Agents. Appsmith operates in a competitive market with competitors including Airtable, Retool, Kissflow, DronaHQ and Stacker, among others.
- Headquarter Bengaluru, India
- Employees 89 as on 03 Apr, 2024
- Founders Nikhil Nandagopal, Arpit Mohan, Abhishek Nayak
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Appsmith Software Private Limited
- Date of Incorporation 03 Sep, 2019
- Jurisdiction Challaghatta, Karnataka, India
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Annual Revenue
$4.64 M (USD)145.03as on Mar 31, 2023
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Net Profit
$316.99 K (USD)77.48as on Mar 31, 2023
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EBITDA
$498.32 K (USD)75.87as on Mar 31, 2023
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Total Equity Funding
$49 M (USD)
in 2 rounds
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Latest Funding Round
$41 M (USD), Series B
Jun 22, 2022
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Investors
Bessemer Venture Partners
& 7 more
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Employee Count
89
as on Apr 03, 2024
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Products & Services of Appsmith
Appsmith offers a comprehensive portfolio of products and services, including Appsmith Platform and AI Agents. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for building custom apps with AI and database integrations.
Features for creating and deploying secure AI-powered agents for enterprises.
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Funding Insights of Appsmith
Appsmith has successfully raised a total of $49M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $41 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $41.0M
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First Round
First Round
(05 Oct 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series B - Appsmith | Valuation | Insight Partners | |
| Oct, 2021 | Amount | Series A - Appsmith | Valuation | Canaan |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Appsmith
Appsmith has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Bessemer Venture Partners, Accel and Canaan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Canaan is recognized as an early-stage venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Appsmith
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Appsmith
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Appsmith Comparisons
Competitors of Appsmith
Appsmith operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Airtable, Retool, Kissflow, DronaHQ and Stacker, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud and AI based low code workflow and app development platform
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| domain | founded_year | HQ Location |
Development of internal tools is enabled by a low-code platform.
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| domain | founded_year | HQ Location |
Cloud-based low-code platform enables enterprise application building.
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| domain | founded_year | HQ Location |
Internal tools are developed via a cloud-based low-code platform.
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| domain | founded_year | HQ Location |
Online platform to convert spreadsheet data to enterprise applications
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Appsmith
Frequently Asked Questions about Appsmith
When was Appsmith founded?
Appsmith was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Appsmith located?
Appsmith is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Appsmith?
Abhishek Nayak is the current CEO of Appsmith. They have also founded this company.
Is Appsmith a funded company?
Appsmith is a funded company, having raised a total of $49M across 2 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Oct 05, 2021.
How many employees does Appsmith have?
As of Apr 03, 2024, the latest employee count at Appsmith is 89.
What is the annual revenue of Appsmith?
Annual revenue of Appsmith is $4.64M as on Mar 31, 2023.
What does Appsmith do?
Appsmith was founded in 2019 in Bengaluru, India, as a developer of an open-source low-code application platform. Custom applications are enabled through broad data source connectivity, drag-and-drop UI construction, and full JavaScript customization. Git integration supports CICD processes for version control and deployments. Enterprise security is ensured via SAML and OIDC SSO, role-based access controls, and SCIM user provisioning. Self-hosting capabilities are offered for greater control.
Who are the top competitors of Appsmith?
What products or services does Appsmith offer?
Appsmith offers Appsmith Platform and AI Agents.
Who are Appsmith's investors?
Appsmith has 8 investors. Key investors include Bessemer Venture Partners, Accel, Canaan, Insight Partners, and OSS Capital.
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