Apigee Corp., a fast-growing Silicon Valley software company that makes tools for mobile device applications, has bought a small Austin company and plans to expand here. Apigee, which raised $20 million in venture capital last month, bought Austin's InstaOps Inc. for undisclosed terms. InstaOps develops analytics software that tracks mobile app performance. Cofounders of the Austin company, Alan Ho and Prabhat Jha, will join the Apigee team.
APIs are not only critical when it comes to extending the digital reach of an organization; they can also provide tangible brick and mortar benefits as well. Walgreens, for example, recently announced that it has developed an API and software development kit that allows developers of mobile applications to include the ability to print out photos within their applications at any one of 7,907 Walgreens locations.
Scalability and automatic RESTful API generation are two of the most important features mobile app developers can expect from mobile Backend-as-a-Service, an emerging, cloud-based set of services that provide developers with customizable back ends for mobile app platforms so that developers can focus their time and energy on the app itself.
Chet Kapoor thinks he's riding a huge wave. “Apps are everywhere and their changing the world,” he told me. “It’s at least as profound as the browser and the web itself.” But Kapoor and the company he leads, Apigee, aren't about apps, per se. Their about the back end that makes apps work. The company forges APIs, the tools that tap into a company or publisher's data to make apps possible. That's turning out to be a pretty good strategy.
Not only is there an app for pretty much everything, now there are companies to help developers manage how apps communicate. And venture capitalists are loving them.Last week alone, Apigee and Mashery pulled down a combined $30 million from VCs betting businesses need help managing what has become a labyrinth of internal and external facing apps connecting to their corporate back ends.
Walgreens, a 111-year-old retail pharmacy, might have the right prescription for staying young as a business: Find new customers through third-party developers, who connect to your services through a public application programming interface (API).Walgreens did that July 10 with its first publicly published API for third-party developers. It issued an API for its QuickPrints photo development service.
Apigee, a company that helps manage and monitor APIs, snagged a $20 million round of funding led by new investor Focus Ventures, with participation from current investors Bay Partners, Norwest Venture Partners, SAP Ventures and Third Point Ventures. The eight-year-old company plans to use the money to match its growth with the overall rise of APIs and the app economy.
Well, look at this – only yesterday, API management platform Mashery announced its close of an additional $10 million in Series D funding, and today competitor Apigee is announcing a $20 million round led by new investor Focus Ventures. Also participating in the round were existing investors Bay Partners, Northwest Venture Partners, SAP Ventures and Third Point Ventures. This API business? It’s hot.
Apigee Corp., which makes mobile "application programming interface" technology used by Netflix, AT&T and GM, announced a $20 million round of funding just a day after competitor Mashery touted a $10 million raise of its own.APIs are the “magic ingredient” of the world of apps, Palo Alto-based Apigee says, because they are the control for mobile and other Internet applications, dictating how and what kind of data flows between apps and the services that support them.
Hot startup Apigee landed another $20 million round of funding.That brings its total to $72 million since it launched in 2004.The reason it's on everyone's radar isn't the cash that CEO Chet Kapoor has raised, though—it's the team he's assembled. Notably, he hired Sam Ramji as VP of strategy in 2009. Ramji was at Microsoft where he had the difficult task of teaching Microsoft to like open source.