Postman, a San Francisco, CA-based provider of an API Platform, acquired Akita Software, a Palo Alto, CA-based company that makes monitoring and observing system behavior accessible for developers.
The amount of the deal was not disclosed.
With the acquisition, Postman will integrate Akita’s API discovery and monitoring capabilities into its platform to deliver tooling to help organizations thrive in an API-first world.
Led by Jean Yang, founder and CEO, Akita discovers and monitors APIs by watching API traffic, without requiring special frameworks or SDKs. Companies of any scale can quickly and easily gain visibility into their systems, without having to become experts in monitoring and observability. The company was founded in 2018 and backed by lead investors Andreessen Horowitz and Sequoia Capital, with additional investments from NBA champion Kevin Durant, renowned investor Elad Gil, and Harpoon Ventures. The entire Akita team will join Postman.
Led by CEO Abhinav Asthana, Postman is a provider of an API platform, used by more than 25 million developers and 500,000 organizations, including 98% of the Fortune 500. It is helping developers and professionals across the globe build APIs by simplifying each step of the lifecycle and streamlining collaboration.
The company has an office in Bangalore, where it was founded. It is privately held, with funding from Battery Ventures, BOND, Coatue, CRV, Insight Partners, and Nexus Venture Partners.
FinSMEs
19/07/2023