- API development platform company Postman announced it has raised $150 million in a Series C funding round led by Insight Partners
API development platform company Postman announced it has raised $150 million in a Series C funding round led by Insight Partners. Insight Partners is joining previous investors CRV and Nexus Venture Partners in this round.
Postman is known as the leading collaboration platform for API development and it is used by over 11 million developers and 500,000 companies worldwide. And Postman is known for having a flexible platform that is used to build connected software via APIs quickly and accurately. APIs are the fundamental building blocks of all software. And today’s complex software ecosystems make the rapid creation and seamless deployment of APIs an industry imperative.
Postman is leading the shift to an API-first approach — which means building APIs at the very beginning of the development cycle and collaborating closely between all stakeholders like product management, DevOps, and quality engineering.
And according to Enterprise Strategy Group, companies using the Postman API Platform show vast improvements to API development, collaboration, and testing. These improvements include API development that is five times faster, collaboration that is 10 times more effective, and the ability to find and fix bugs four times faster.
Over 11 million users around the world rely on Postman to streamline collaboration and simplify each step associated with building APIs. And the company’s solution is used by 98% of the Fortune 500 to create better APIs more quickly.
Key Quotes:
“Developers all over the world are rapidly transitioning from the code-first mindset to an API-first mindset with Postman being the center of this revolution.”
– Postman CEO and co-founder Abhinav Asthana
“Modern-day commerce is driven by API-connected, cloud-based software, and Postman is in the absolute vanguard of companies driving faster and more effective development of solutions across a multitude of industries. The combination of the market opportunity, the management team, and Postman’s proven track record of success shows that they are ready to become the software industry’s next great success.”
– Jeff Horing, co-founder and managing director of Insight Partners
“At Atlassian, the Postman platform enables us to quickly onboard new hires and has increased our overall developer productivity. The ability to collaborate while building new services and integrating third-party capabilities has made life easier for our developers. Adopting Postman was a smart decision that has delivered real ROI.”
– Atlassian Engineering Manager Jeff Gibson, a Postman customer
