RapidAPI Raises $25 Million in Funding Round Led by Microsoft
June 11 2019 - 1:33PM
Dow Jones News
By Colin Kellaher
RapidAPI, a marketplace that helps developers find and connect
to publicly available application programming interfaces, or APIs,
on Tuesday said it raised $25 million in series B funding round led
by Microsoft Corp.'s (MSFT) venture fund M12.
DNS Capital and previous investors Andreessen Horowitz and Green
Bay Capital also participated in the round, which brings RapidAPI's
total funding to $37.5 million.
The startup's valuation wasn't disclosed.
APIs are pieces of software that make digital platforms
possible, allowing an app to connect to an operating system, a
cloud, social or productivity platform, or another app.
RapidAPI said it will use the funding to continue scaling its
API marketplace to help more developers discover and connect to
public APIs, as well as share and collaborate on internal APIs.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 11, 2019 13:18 ET (17:18 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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