Predictive analytics company Apigee Inc. has raised another $60 million to help corporate customers take advantage of mobile devices to make faster, more data-driven decisions as it moves toward an initial public offering, the company told Venture Capital Dispatch.
Looking ahead to a potential public offering in the next year the application program interface and analytics services company Apigee has raised an additional $60 million in late stage financing.
It might be a while before we see a public offering by Apigee, the software management and analytics company that moved its headquarters to downtown San Jose late last year.
These days, the web is really a web: Applications depend on one another for data and services. Companies increasingly want developers to use their services, and companies like Apigee make that move possible.
Marc Andreessen, legendary entrepreneur and now venture capitalist at the firm he co-founded, Andreessen Horowitz, famously opined a few years ago in the Wall Street Journal that software is eating the world.
As part of a new deal, New Zealand-based innovation business Qrious will be powered by Apigee's API platform, which will see Qrious' data delivery be sped up and monetised.
Enabling enterprises to apply sophisticated analytics on fine-grained data, Apigee launched a major new version of its Insights big data analytics platform. The platform allows enterprises to deliver improved individualized services through predictive apps.
With Marc Andreesen‘s oft-quoted truism that “software is eating the world”, comes a parallel truism within the technology industry – Application Programming Interfaces (APIs), the glue that tie together discrete applications, data sources and services, are increasingly a critical part of the new technology world order. As such there is much innovation occurring in terms of businesses dealing with parts of the API space. One area where a great deal of investment and M&A activity has occurred is that of API management – essentially these API management vendors deliver platforms that help people ensure that their APIs are safe, secure, functional and efficient. Thing like access control, rate limiting, API publication etc.
Just three months after acquiring InsightsOne, Apigee is unveiling its first predictive analytics product to spring from the combined company assets.
Apigee Corp. 's latest iteration of Apigee Insights blends the hoard of data from its application programming interfaces (APIs) with InsightsOne's predictive analytics technology to reach the goal of crafting new services and offers tailored to individual customers. (See Apigee Acquisition Brings Analytics to APIs.)