Because they raised millions of dollars and it turns out most companies aren’t paying for enterprise licenses for what is essentially a UI wrapper on top of curl.

There are open source projects (like insomnia) that are “good enough”. I think it is a symptom of all of the free money in the past few years where SAAS companies were just buying each others products. Now that the money is drying up, companies need to continue to hit these insane ARR targets somehow.