- ReadMe recently announced it raised $9 million in Series A funding led by Accel with participation from Y Combinator.
ReadMe — a company that helps companies build out their API documentation and Developer Metrics — announced recently that it raised $9 million in Series A funding led by Accel with participation from Y Combinator. In the past four years since raising a seed round, ReadMe grew steadily and profitably by working with over 3,000 companies like Box, Microsoft, Coinbase, etc. for improving the developer experience.
“Ten years ago, the way companies thought about APIs was very different. A developer would create an API, and another developer would use it. But over the past decade, there’s been a shift as companies have started to realize how important their APIs are. Product managers, designers, sales, support, legal and marketing are now involved in building and consuming APIs,” wrote ReadMe founder Gregory Koberger in a blog post. “As the way people think about APIs changes, the tool we use for documenting and supporting them needs to as well. Documentation is the UI people interact with when they’re interacting with an API. ReadMe brings the UI design we take for granted from websites – dynamic, tailored content, detailed analytics, ways to contact specific segments of users, and more – to the API.”
What ReadMe does is help any company build world-class developer hubs that their customers can utilizes. With Developer Metrics, ReadMe provides a way to stream API logs to us and customize documentation and support based on it. And for API creators, they can now see exactly who’s using their API.
“When I met Dan Levine, Partner at Accel, I instantly knew we were excited in the same ways about the future of APIs. He had previously worked on Dropbox’s platform team and recognized the importance of building ecosystems where developers can thrive. Y Combinator also participated in the round,” added Koberger. “Our mission at ReadMe is to help companies develop relationships. We can’t wait to continue building tools to enable businesses to connect with their developers in new and increasingly personalized ways.”
