AppSheet, a Seattle-based no-code app development platform company, announced it raised $15 million in Series A funding. This round of funding was led by Shasta Ventures. Previous investor NEA also participated in this round.
What does AppSheet do? It is disrupting the traditional code-based application development process. And AppSheet is combining a declarative no-code model with platform intelligence. Using the platform, business users can innovate and create multi-platform apps without writing any code.
“The new funding has an essential purpose: to serve our existing customers better and to reach and serve new customers,” said AppSheet founder and CEO Praveen Seshadri in a statement. “More than 18,000 active app creators per month build business apps with AppSheet and 110,000 active end-users per month use those apps to drive business productivity in their teams. Our mission is to create an intelligent app platform that empowers every business user to create rich enterprise-grade apps to automate their team and organization. We’re delighted to have our investors support this mission.”
With AppSheet, businesses can save a lot of money as hiring developers and agencies may not be necessary. And as more enterprise customers have started running their businesses on AppSheet apps, the platform has been evolving to provide rich end-to-end capabilities for app security, management, and IT governance.
“We believe AppSheet’s demonstrated success with a broad horizontal customer base is a key indicator of its expected impact,” added Shasta Ventures managing director Ravi Mohan. “There is no doubt that we are at the start of a technology revolution that will allow business users to create their own software solutions, and there is no doubt that AppSheet is the market-leading platform that will drive this transformation.”
This round of funding will drive platform enhancements and increase investment in customer success. And AppSheet is going to expand marketing initiatives. Plus AppSheet is going to immediately expand its team in Seattle and launch a center of machine learning excellence in Portland, Oregon.
“There is this huge gap today between the automation solutions that a line-of-business wants and needs, and the ability of IT programmers to deliver,” explained NEA venture partner Greg Papadopoulos. “AppSheet has uniquely solved this puzzle through exceptionally clever automation, which effectively closes the gap for a broad horizontal market. It turns the business users themselves into heroes, by empowering them to create super-compelling business apps without having to write a single line of code. We are excited to continue partnering with AppSheet and to help fortify their position as the market leader in no-code app platforms.”
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