On this digital period, there’s a surge within the want for related software program and APIs at the moment are ubiquitous. Ultimately, that is an elevated reliance on APIs as these convey countless potentialities and it requires these to run completely each time. For companies, conserving observe of the advanced net of APIs being developed and used whereas managing safety integrations is a tedious job.
The French startup Gravitee.io makes the duty easy for 1000’s of tasks. In a latest improvement, the corporate raised $11 million (practically £8 million) in a Sequence A funding spherical co-led by UK-based VCs AlbionVC and Oxx to energy its enlargement within the burgeoning API administration market, which is estimated to be price $22 million (practically £16 million).
The investment spherical will allow Gravitee.io to proceed rising its workforce throughout improvement, gross sales, and advertising, to boost assist for its group of improvement groups, speed up supply of the Gravitee.io workforce’s expanded imaginative and prescient for API management and broaden additional into worldwide markets.
Rory Blundell, CEO of Gravitee.io: “Companies that may make full use of their knowledge are extra profitable. So efficient API administration is changing into a core competence. The problem for IT groups is to attach the prevailing knowledge silos, plus rising streamed knowledge sources, and allow these to be shared in a constant method, secured in step with finest practices and simply ruled. Gravitee.io gives the richest open supply performance to make that course of easy for builders and system architects. In AlbionVC and Oxx now we have discovered companions who recognise the worth that easy API management brings to digital enterprises. With their backing, we are able to speed up our mission to convey open supply management of API ecosystems to the worldwide developer group.”
Paul Lehair, Investor at AlbionVC stated: “We now have been vastly impressed by what the Gravitee.io workforce has achieved thus far. Having been bootstrapped till now, they managed to construct the richest open supply API administration platform, entice shoppers throughout sectors and geographies, and continuously win towards opponents because of their extremely versatile platform. We’re excited to assist Gravitee.io throughout their subsequent stage of development as they proceed constructing a category-leading enterprise on this large house.”
Mikael Johnsson, Common Associate of Oxx stated: “API administration is changing into globally mainstream, as companies worldwide turn into more and more reliant on their API infrastructure. Gravitee.io is on a mission to unravel a posh enterprise drawback with one easy-to-use platform that delivers unprecedented business flexibility and superior ROI. With a holistic method to API administration, Gravitee.io gives the power to shortly and intuitively construct, handle and monitor APIs, and seamlessly integrates Identification and Entry Administration (IAM). Gravitee.io’s spectacular development is testomony to the backing of the developer group. We share the Gravitee.io workforce’s imaginative and prescient for constructing a category-leading firm, and are thrilled to companion with Rory and the workforce as they speed up to service world demand.”
Man Duncan, CTO at Tide stated: “We had been on the lookout for an answer to take our APIs to the following degree. We discovered that by utilizing Gravitee.io, we had been in a position to obtain our objectives of getting a strong, extremely automated, scalable, safe and full API Administration System. The Open Supply nature of Gravitee.io is crucial for us at Tide, Gravitee.io’s continuous innovation is pushed by being open supply, and we plan on contributing to make sure that Gravitee.io grows because the Tide enterprise grows. Full assist of Open Banking is an ideal match for Tide’s platform.”
Open-source API platform
Based in 2015, Gravitee.io is an easy-to-use, feature-rich and cost-effective Open Supply API platform. The platform offers API Administration, Identification & Entry Administration, Alerting, and multi-tenant dashboard to allow easy management, safety and governance of API ecosystems.
The open-source platform equips organisations to manage the total lifecycle of their whole API ecosystem in hours, not months. Builders can quickly achieve management and structured visibility over their whole community. This ranges from creating APIs to securing them with built-in IAM (Identification & Entry Administration), publishing them, monitoring efficiency and alerting to points.