RapidAPI, a San Francisco, CA-based provider of an API Hub that enables millions of developers and enterprises to find, connect to, and manage thousands of APIs, raised $150M in Series D funding at a $1B valuation.
The round was led by new investor SoftBank Vision Fund 2, with participation from Qumra, and many of the company’s existing investors, which include Andreessen Horowitz, M12 (Microsoft’s Venture Fund), Viola Growth, Green Bay, and Grove Ventures.
The company will use the funds to:
- continue to scale its API Hub, adding more capabilities to help developers create and collaborate on APIs – following its release of API Testing tools and acquisition of API development tool Paw, and
- grow its customer base by expanding key enterprise capabilities including governance and management.
Led by Iddo Gino, CEO and Founder, RapidAPI provides an API Hub where millions of developers discover and connect to APIs, and where the largest companies find, manage and collaborate on their internal and external APIs. For enterprise organizations, the company offers RapidAPI Enterprise Hub, a private, customizable version of the public hub that enables developers, customers, and partners to find, manage, and connect to hundreds of internal APIs, as well as external API subscriptions.
Over 25,000 new developers subscribed to paid plans in 2021 alone. To support and further accelerate the developer and enterprise customer base, RapidAPI has expanded its management team to include seasoned veterans in the API and software industries including Vijay Gill, SVP of Engineering, Wade Wegner, SVP of Product, and Mark Gurvis, SVP of Sales.
FinSMEs
23/03/2022