- Nylas, a leading provider of communications APIs for developers, announced it raised $25 million
Nylas — a leading provider of communications APIs for developers — announced it has raised $25 million in Series B funding. This round of funding was led by 8VC and Round13 Capital with participation from existing investors Spark Capital, ScaleUP, and Slack Fund. Plus new investor Citi Ventures also joined the round.
And Nylas provides an API platform that enables developers to quickly and securely access and process user data from any email, calendar, and contacts provider in the world. And Nylas’ solution saves customers an average of 16 months and $2 million in up-front development costs by allowing developers to efficiently integrate complex, unstructured communications data into their applications in days, providing secure and reliable pre-built integrations that are SOC 2 certified, GDPR compliant, Privacy Shield certified, and HIPAA and FINRA-ready.
Currently, Nylas has over 450 customers globally, including companies like Comcast, Hyundai, Realtor.com, Dialpad, Freshworks, Pipedrive, Qualia, and Clio. Over 40,000 software developers around the world use Nylas to serve over 1.2 billion API calls and sync 15TB of data daily.
Nylas is planning to allocate the funding to scale sales and marketing activities while accelerating product innovation. And the funding follows the recent acquisition of June.ai, a developer of AI-powered productivity tools that perform autonomous tasks across users’ inboxes, such as organizing messages, surfacing attachments, automating responses, and highlighting important interactions. The integration of June.ai’s core technology expands the capabilities of the Nylas platform into intelligent workflow automation.
And Nylas plans to double its workforce over the next 12 months. The company is hiring across locations in San Francisco, New York City, and Denver as well as building a dedicated engineering team in Toronto, Canada.
Key Quotes:
“The way we build software has fundamentally changed. The last 10 years have been all about the explosive growth of applications; the next 10 years will be all about companies solving development challenges at the API and abstraction layer to enable developers to increase their go-to-market velocity. Companies like Twilio, Stripe, and Nylas have shown developers around the world how API platforms can help them quickly and securely build critical features into their applications, removing complexity, cost, and risk. With this additional funding and deep expertise from all of our investors and partners, Nylas will be able to ensure that no developer has to waste their time building their own communications infrastructure ever again.”
– Gleb Polyakov, CEO and co-founder of Nylas
“We are proud to lead this round as we continue to see Nylas’ exponential growth in a category that’s in heightened demand. Over the years, we have seen the Nylas team establish and scale their platform to become an integral layer in some of the world’s leading software applications. We believe Nylas will become the industry standard for companies looking to power experiences in their applications that drive customer engagement and retention.”
– Alex Moore, Partner at 8VC
“The amount of time Nylas is saving development teams is driving major efficiency gains for companies around the world. Their ability to break down what can take a mid-sized development team years to build themselves into weeks or days is a game-changer. Nylas is well-positioned in the industry, and we look forward to supporting their growth. With their push to establish an engineering hub in Toronto, we viewed this as a prime opportunity to aid them in the next stage of global expansion.”
– Craig Strong, Partner at Round13 Capital
“Nylas’ rapid growth demonstrates the opportunity within the developer API space. The Nylas leadership team’s vision for the future is clear as they continue to build out an innovative, reliable, and secure platform for developers that is scalable and easy to use. Citi Ventures looks forward to aiding the Nylas team as they distribute this technology across industries.”
– Matt Carbonara, Managing Director at Citi Ventures
