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.
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.
The Wholesale Applications Community (WAC) is breaking up after Apigee announced today that it has acquired the initiative's technology assets to deliver a unified network API service for operators, as well as a cross-device mobile app development platform.The GSMA, which has taken the lead on WAC until now, said it will integrate WAC’s major programs with its own operations and provide Apigee’s services to its nearly 800 mobile operator members.
After two-plus years of trying to make a better platform for selling mobile apps, the Wholesale Applications Community (WAC) is handing over its assets to Palo Alto, Calif.-based Apigee. The goal of the WAC, started by AT&T, Verizon, Vodafone and others, was to build yet another app store. Turns out that its most interesting assets were around payments, including the ability for consumers to easily pay for goods using their phone bill.
Apigee, the API management company that was most recently spotted powering that new “print to Walgreens” feature in half a dozen or so mobile applications, is now acquiring the technology assets of WAC, aka the Wholesale Applications Community. WAC, an alliance of global telecom companies, like AT&T, Verizon, Sprint, Deutsche Telecom, China Mobile, Orange, and others (and pegged by TechCrunch writer Jason Kincaid back in 2010 as “a disaster in the making“) was intent on building a platform that would allow mobile developers to build an application once, then run it on any carrier, OS or device.
Fresh from revealing plans to open an office in London to grow its European business, API management firm Apigee has inked a deal with Telefonica Digital that will see it become the partner for the operator’s API management platform.