Gravitee, a leading platform for managing APIs, has successfully raised $60 million in funding to bolster its capabilities in API management. Rory Blundell, Azize Elamrani, David Brassely, Nicolas Géraud, Titouan Compiegne Co-founders of Gravitee, 2015. Since then, it has established itself as one of the big forces in the API management sector. The additional capital will support the creation of more services. These services will consist of both paid professional options and the continued availability of free, alternative software.
As of fiscal year 2024, the company’s annual recurring revenue has grown to a whopping $22 million. Gravitee’s enterprise customer base is growing quickly. It has about 130 customers now, with a target of landing 100 more customers by the end of the year to get near 200. High profile customers such as Blue Yonder, Michelin, Roche and Tide are leveraging Gravitee’s solutions. They rely on Gravitee to serve their API management needs efficiently.
Even better, Gravitee excels at supporting both asynchronous and synchronous APIs, meeting the wide-ranging needs of today’s businesses. Businesses are quickly stitching together general purpose AI agents, streaming data, APIs, hybrid systems, and more. It’s no wonder then that the need for robust API management solutions has surged.
Rory Blundell further emphasized some of the difficulties all organizations are having in this new landscape.
“Companies are integrating AI agents, streaming data, APIs, and hybrid systems faster than ever.” – Rory Blundell
The funding round signifies investor confidence in Gravitee’s vision and its ability to address the growing complexities of API management. Gravitee is making advances on its unified API platform to provide customers with more security and control over their entire API infrastructures. Simultaneously, it is helping to ensure smooth development with new and emerging technological innovations.
“As a result, many companies face major risks around security, observability, and control of their API and event infrastructure.” – Rory Blundell
The funding round signifies investor confidence in Gravitee’s vision and its ability to address the growing complexities of API management. By enhancing its platform, Gravitee aims to provide its customers with greater security and control over their API infrastructures while facilitating seamless integration with modern technological advancements.
Leave a Reply