For the last several years, Appsmith has been quietly building an open source platform for internal development teams to build the custom apps they need. These are business applications that companies tend to build themselves to give them access to data in a more streamlined and visual way.
While the company frames it as low-code, it’s designed to speed up the development process for experienced developers, rather than helping line of business users build applications, as some low-code applications environments aim to do.
Today the company announced a $41 million Series B, a pretty significant round at a time when VC dollars are getting harder to come by, especially for a pre-revenue company, but investors are looking at the startup’s growth potential, using the open source project as a springboard.
Company co-founder and CEO Abhishek Nayak says that while they fit in the low code category, it’s really a product geared towards developers who want to move faster when it comes to building internal applications.