Kong Inc – a leading developer of cloud API technologies – announced today that it has surpassed $100 million in annual recurring revenue. The company’s success results from a commitment to product excellence, a laser focus on the user and customer experience, and the growth of Kong Konnect, its unified cloud API platform – which helps organizations unleash developer productivity and accelerate time to market.
A major tailwind to the company’s growth has been the multi-decade shift in how enterprise software systems are built and deployed, from traditional monolithic enterprise applications to modern cloud-native microservices architectures. And this transition from monolithic software systems aligns with Kong’s mission, which is to enable every company to become API-first.
Launched under the name Mashape in 2009 and renamed Kong in 2017, the company currently has more than 500 global employees and operates in over 35 different countries. And most recently, Kong launched a joint venture with Japan Cloud to support the growing adoption of its platform in Japan, the world’s third-largest economy. Kong’s products range from open-source offerings to enterprise-grade software adopted by more than 600 enterprises, ranging from early-stage start-ups to Global 2000 companies.
KEY QUOTES:
“When we founded the company over a decade ago, we had a vision that APIs would eventually connect everything and almost everyone through the web. A central nervous system of sorts. So while surpassing $100 million represents an enormous milestone for our business, that vision is just starting to come to pass. We’re building Kong to be a generational company and there is tremendous opportunity ahead. Also, It’s important to recognize that our accomplishments come from our people and our relentless focus on delivering the best technology to our user community and our customers. I couldn’t be prouder of our team today.”
- Augusto Marietti, CEO and co-founder of Kong
“APIs drive over 80% of global internet traffic, and our contemporary world simply wouldn’t exist without them. Whether we’re traveling, using apps on our smartphones, managing our finances, receiving our salaries, or experiencing AI’s interactions with the world – it’s APIs that power these connections. APIs enable organizations around the world to build compelling digital experiences that delight customers, and allow them to leverage modern platforms to accelerate customer adoption, grow their revenue and innovate continuously. At Kong, our commitment is to provide the best API platform technologies to the builders and the architects of this modern API world.”
- Marco Palladino, CTO and co-founder of Kong
“The Kong teams’ commitment to pushing boundaries and setting industry standards is why we first invested in them, and we’re glad to see that this is as fresh today as it was ten years ago. We’re quite happy to have been early investors and partners to the Kong founding team. Augusto and Marco are world-class operators and have built a world-class team. We’re looking forward to their continued success.”
- Martin Casado, General Partner at Andreessen Horowitz
