Gravitee, a platform designed to assist corporations handle their APIs and different digital site visitors pipelines, has raised $60 million in a Collection C funding spherical led by Sixth Avenue Development with participation from Riverside Acceleration Capital and Albion VC.
The brand new capital, which brings Gravitee’s whole raised to only over $125 million, will probably be used to fund the event of recent product options and Gravitee’s growth into new markets, mentioned CEO Rory Blundell.
Fashionable information programs are complicated. APIs, for instance — the algorithm that enable completely different apps to speak and trade information — usually include their very own instruments and protocols. Blundell makes the case that corporations danger creating blind spots and slowing down innovation and not using a management aircraft to tie disparate programs collectively.
“[C]ompanies are integrating AI brokers, streaming information, APIs, and hybrid programs quicker than ever,” Blundell mentioned in a press release. “In consequence, many corporations face main dangers round safety, observability, and management of their API and occasion infrastructure.”
Blundell based Gravitee in 2015 alongside builders Azize Elamrani, David Brassely, Nicolas Géraud, and Titouan Compiegne. What began as an open supply venture shortly advanced right into a enterprise. Right this moment, Gravitee provides paid providers to fund improvement of its freely out there software program.
The Gravitee platform may be deployed on-premises, self-hosted, or used as part of Gravitee’s software-as-a-service plan. Options throughout all releases embody a instrument for designing APIs and deploying them forward of mock testing in addition to a dashboard from which customers can visualize the parts of their API deployments.
Gravitee competes with Blobr, which provides software program for exposing and monetizing enterprise APIs. One other high rival is StepZen, an organization creating graph tech to assist join and visualize numerous APIs.
Blundell claims that Gravitee is differentiated by its assist for each asynchronous APIs (i.e. APIs that return information at a later time) and synchronous APIs (APIs that return information instantly). Some distributors don’t provide this.
Gravitee has a whole bunch of consumers immediately, in accordance with Blundell, together with Blue Yonder, Michelin, Roche, and Tide. Annual recurring income reached $22 million in fiscal yr 2024.
Gravitee employs round 130 prospects and plans to finish the yr with roughly 200.
