Gravitee, a platform designed to assist corporations handle their APIs and different digital visitors pipelines, has raised $60 million in a Sequence C funding spherical led by Sixth Road Development with participation from Riverside Acceleration Capital and Albion VC.
The brand new capital, which brings Gravitee’s whole raised to simply over $125 million, will likely be used to fund the event of latest product options and Gravitee’s enlargement into new markets, stated CEO Rory Blundell.
Trendy knowledge programs are advanced. APIs, for instance — the algorithm that permit completely different apps to speak and alternate knowledge — usually include their very own instruments and protocols. Blundell makes the case that corporations danger creating blind spots and slowing down innovation with out a management airplane to tie disparate programs collectively.
“[C]ompanies are integrating AI brokers, streaming knowledge, APIs, and hybrid programs sooner than ever,” Blundell stated in a press release. “Because of this, many corporations face main dangers round safety, observability, and management of their API and occasion infrastructure.”
Blundell based Gravitee in 2015 alongside builders Azize Elamrani, David Brassely, Nicolas Géraud, and Titouan Compiegne. What began as an open supply challenge shortly developed right into a enterprise. Right this moment, Gravitee affords paid providers to fund improvement of its freely obtainable software program.
The Gravitee platform might be deployed on-premises, self-hosted, or used as part of Gravitee’s software-as-a-service plan. Options throughout all releases embody a device for designing APIs and deploying them forward of mock testing in addition to a dashboard from which customers can visualize the elements of their API deployments.
Gravitee competes with Blobr, which affords software program for exposing and monetizing enterprise APIs. One other high rival is StepZen, an organization growing graph tech to assist join and visualize numerous APIs.
Blundell claims that Gravitee is differentiated by its assist for each asynchronous APIs (i.e. APIs that return knowledge at a later time) and synchronous APIs (APIs that return knowledge instantly). Some distributors don’t supply this.
Gravitee has lots of of consumers as we speak, in line with Blundell, together with Blue Yonder, Michelin, Roche, and Tide. Annual recurring income reached $22 million in fiscal 12 months 2024.
Gravitee employs round 130 prospects and plans to finish the 12 months with roughly 200.
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