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.
Enterprise API management firm Apigee has littered the pages of the tech press over the last month with announcements of banner acquisitions, partnerships, and market expansion initiatives. Today, the company is adding to that list a funding announcement in a big way.In the fifth institutional financing round completed over its eight years, Apigee has raised a $20 million round led by new investor Focus Ventures, with participation from current investors Bay Partners, Norwest Venture Partners, SAP Ventures, and Third Point Ventures. The round brings the company’s total funding to more than $72 million.
Apigee, the Palo Alto-based company that provides application programming interface (API) support, management and service, today announced a new $20 million round of venture investment, led by Focus Ventures, and including existing investors Bay Partners, Norwest Venture Partners, SAP Ventures and Third Point Ventures. For Apigee, which helps power, track and analyze the API calls of plenty of massive companies like AT&T, Netflix and Dell, the fresh injection of cash will help it pursue additional opportunities in overseas markets.
API management startup Apigee has raised $20 million in its fifth round of funding to help it expand into new markets, the company announced today.More than 100 billion API calls per month run through Apigee’s platform. Notable Apigee clients include Walgreens, Netflix, eBay, Pearson, Gilt Groupe, Bechtel, and Getty Images. Just a week ago, the company acquired assets from Wholesale Applications Community (WAC) to help it expand its tech further.
These are busy times for API specialist Apigee after the Palo Alto-based company closed a $20 million funding round, led by new investor Focus Ventures, to take its total venture capitalist backing to more than $72 million. Existing investors Bay Partners, Norwest Venture Partners, SAP Ventures and Third Point Ventures also took part in the round.
A Palo Alto company that is embracing the growth of the "app economy" announced Tuesday it raised $20 million in new venture funding.The company, Apigee, makes a platform to build and manage application program interfaces, or APIs, which are essentially the building blocks of a software application. APIs that are openly released can be used by outside programmers to develop their own apps that integrate some features or work with the original.
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.
API management startup Apigee has just announced it’s acquired some interesting mobile payment processing and other technologies from the Wholesale Applications Community (WAC).This deal includes a specific API for carrier billing for in-app purchases, and it plays nicely with carriers all around the globe.WAC’s technology offering is its mobile payment API, which lets users pay for digital and/or virtual goods using carrier billing.