Gravitee.io raises an additional £26.1m to transform the way APIs are managed and secured
The API management platform leader will use the proceeds to accelerate growth of its API management and security platform. Previously, the company raised $11 million in its Series A funding which was co-led by Albion.
Gravitee.io is an API management platform that provides comprehensive tools to manage legacy and newer streaming protocols, along with API security, in a single easy-to-use platform. In addition to a thriving community of open source developers, its enterprise customers span multiple geographies and industries.
This funding milestone comes at a moment when Gravitee is primed to become the industry’s fastest growing API and open source platform. Recently recognised as one of the ninth fastest growing open source companies, and with stellar growth rates, the additional funding will further accelerate the overall go-to-market and product expansion.
Rory Blundell, CEO of Gravitee.io commented:
Enterprises are dealing with an increasingly demanding base of API users who want to consume APIs their way, while at the same time seeing an explosion of protocols and associated complexity. Along with increased protocol complexity comes an increase in API security risks. Gravitee.io is uniquely positioned in the market to address this intersection of protocol complexity and security.
Paul Lehair, Investment Director at Albion added:
We have been impressed by Gravitee.io’s pace of execution, which led them to close this Series B round less than a year after we co-led their Series A round. This is even more impressive in today’s current fundraising climate. We are extremely excited to continue partnering with Gravitee.io to build the category leader of the API 3.0 wave.