Postman delivers $50m funding round
API collaboration platform Postman has closed a $50 million Series B funding round led by CRV, writes Jane Connolly.
Nexus Venture Partners also participated in the round, Pulse 2.0 reports. CRV general partner Devdutt Yellurkar will join Postman’s board of directors.
The San Francisco-based company, which also has an office in Bangalore, will use the funding to drive forward its product and increase customer support.
Launched in 2014 by CEO Abhinav Asthana, CTO Ankit Sobti and Abhijit Kane, Postman has seen strong growth. The company now serves more than seven million users and supports API development at over 300,000 businesses around the world.
“APIs are the building blocks of effective software – so while software might be eating the world, we know that APIs are eating software,” says Abhinav Asthana. “Innovation in APIs will drive the future of software development and this funding will further accelerate Postman’s growth in the API ecosystem.”
Postman enables global teams to collaborate with each other and offers transparency through the API development process. Major customers include Adobe, Microsoft, Twitter and PayPal.