Lunar.dev, a Tel Aviv, Israel-based API Consumption Management solution, announced the launch of its open-source platform, along with $6m in Seed funding.
The round was led by Uncork Capital with the participation of existing investor Angular Ventures.
The company intends to use the funds to expand the open-source platform and build out its commercial SaaS offering, which will launch early next year.
Founded in 2022 by Eyal Solomon and Roy Gabbay, Lunar provides an API consumption management solution, giving organizations complete oversight and control over their API usage. The open-source solution can be set up in minutes, providing a holistic view of all APIs that are in use, along with metrics for each one of them, making it easy to identify 3rd party API issues, like latency, breaking changes, and high costs, and enables enforcement of 3rd party policies for real-time fixes.
Real-time mitigations — like API quota management, unified throttling policies, or caching — can be implemented in production with no code changes required.
FinSMEs
09/11/2023