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Insight Partners led a $41m Series B round in Appsmith.

Synopsis

Insight Partners, a private equity and venture capital firm, led a $41m Series B round in Appsmith, a low code software, with participation from Accel, Canaan, OSS Capital, Jeff Hammerbacher, and Abhinav Asthana. “Software development is becoming critical to more and more businesses, but there are simply not enough developers to meet our growing global needs. Low code tools like Appsmith are compelling options because they enable companies to deliver more developer productivity and faster time to market. With its open-source approach and great momentum achieved in a short amount of time, Appsmith is clearly a favorite among developers," Nikhil Sachdev, Insight Partners Managing Director.

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