Apigee is pretty deep into what programmers call APIs–so deep that the acronym is part of its name. Now it’s getting more money to make the association even stronger.
The Silicon Valley startup, founded in 2005, on Wednesday is announcing a $35 million funding round, taking its total money raised to date to $107 million. Apigee claims 400 customers, many of them household names, which lean on the company to help enter the world of mobile apps.
Apigee has raised $35 million for its API management platform. The funding was led by a new investment fund managed by BlackRock, Inc., and Accenture, the global consulting company. Since 2005, Apigee has raised $107 million.
Apigee Corp., which makes technology for developing and managing mobile applications that is used by many large corporations, raised another $35 million, bringing its total funding to roughly $106 million.
Apigee, an enterprise-grade API management platform company, has just announced a large round of funding: $35 million from a slew of marquee-grade investors.
The Palo Alto, Calif.-based startup has three main products: Apigee Enterprise, a complete API management platform; Apigee Insights, an analytics tool; and Apigee API Exchange, which powers app ecosystems. The endgame of all three products is to help any kind of company link its applications and all the data generated to APIs for internal dev team use as well as use by external third-party developers.
Apigee has a new platform for customers to manage API-driven business efforts that extends from purchase-to-payment of digital assets. The service is meant for organizations, such as telecommunications providers, that sell services delivered through an API.
Wireless operators expose their application programming interfaces (APIs) to developers to make services richer, more tightly integrated and robust, but they really do it for another important reason: to make money off their assets.
To date, the monetization part has been tricky despite huge growth projections thanks in large part to transaction-based billing systems that weren't built for an app world. API company Apigee is hoping to help with a new platform it says will let operators monetize their APIs without ripping out their legacy billing systems.
Apigee is announcing the launch of its Enterprise Monetization Services today, a complete end-to-end solution for companies seeking to monetize their APIs and other digital assets. In this phone interview with Anita Paul, Director of API Products, and Bryan Kirschner, Director of the Apigee Institute, I had a chance to dive deeper into what makes this product a leap ahead of its competitors. The product will be available sometime in August.
While just about everyone agrees that there is something akin to a new economy emerging around application programming interfaces (APIs), finding ways to effectively monetize those APIs has eluded a lot of organizations.
To address that specific issue, Apigee is rolling out today an extension of its API management platform that gives organizations the ability to set terms and conditions around who gets to use what API for how long during a given period.