![RapidAPI reaches unicorn status by raising $150Mn RapidAPI reaches unicorn status by raising $150Mn](https://varindia.com/storage/news/uploads/2018/02/623c4ea6b9ed8.jpg)
RapidAPI, a San Francisco, CA-based provider of an API Hub that enables millions of developers and enterprises to find, connect to, and manage thousands of APIs, has raised $150 million in Series D funding at a $1 billion valuation
The round was led by new investor SoftBank Vision Fund 2, with participation from Citi Ventures, Qumra, and many of the company's existing investors, including: Andreessen Horowitz, M12 (Microsoft’s Venture Fund), Viola Growth, Green Bay, and Grove Ventures.
RapidAPI will use the investment to continue to scale its API Hub, adding more capabilities to help developers create and collaborate on APIs - following its release of API Testing tools and acquisition of API development tool, Paw.
RapidAPI provides an API Hub where millions of developers discover and connect to APIs, and where the largest companies find, manage and collaborate on their internal and external APIs. For enterprise organizations, the company offers RapidAPI Enterprise Hub, a private, customizable version of the public hub that enables developers, customers, and partners to find, manage, and connect to hundreds of internal APIs, as well as external API subscriptions.
Iddo Gino, CEO and Founder of RapidAPI, said, “The pandemic and the rapid change it has precipitated over the last two years has compelled almost every company to become a digital player very quickly. It’s not nice to have, it’s basic survival. This has created a huge demand and subsequent shortage of developers, hindering an organization’s ability to fully invest in digital transformation initiatives. As a result, companies are turning to APIs and tools like RapidAPI to realize the productivity and innovation benefits of digitizing their organization.”
RapidAPI has expanded its management team to include seasoned veterans in the API and software industries to support and further accelerate a rapidly growing developer and enterprise customer base.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.