APIs provide a way to make connections to a set of different applications and data sources, and can help ease the complex integration issues facing companies. Postman has built an enterprise API platform and today it was rewarded with a $ 150 million Series C investment at a $ 2 billion valuation – during an epidemic.
Insight Partners Led the round with the help of existing investors CRV and Nexus Venture Partners. Today’s investment is a total of $ 207 million raised according to the company. It includes a $ 50 million series from a year earlier, raising $ 200 million in just one year. This is too much cash.
Abhinav Asthana, CEO and Co-Founder at Postman, Let’s say that what attracts all flour is an end-to-end platform for API creation. “We help developers, QA, DevOps – whoever is in the business of building APIs – work on the same platform. They can use our tools for designing, documentation, testing and monitoring to build high quality APIs and they do it fast. “Asthana told TipsClear.
He says that he was not actively looking for funding before the round came along. In fact, he says he was approached by investors after the closure of the epidemic in California in March, and he sees it as a validation for the startup.
“We think this reflects the company’s strengths. We have unprecedented adoption and epidemic in developers and enterprises [not had much of an impact on us]. The company is receiving inbound interest [from investors],” he said.
He did not want to touch the question of going public yet, but he feels that the heavy valuation sends a message to the market that it is a solid company that is long-lasting.
Jeff Horring, co-founder and managing director of lead investor Insight Partners, certainly sees it that way. “The combination of market opportunity, management team and Postman’s proven track record of success shows that they are set to become the next great success of the software industry,” he said in a statement.
Today the company has about 250 employees in India between the US and Bangalore, and is doubling that number next year. One thing the epidemic has shown to him is that his workers can work from anywhere and he intends to hire people from all over the world to take advantage of the most diverse talent pool.
“As part of our larger community looking for diverse talent we build this workforce is an important way in which we want to solve it. With this, we are bringing people from diverse communities to our events and making sure that we are constantly in touch with those communities, which help us in hiring a very strong variety.
“We want to deliberate about that, and we will shed more light on what we are doing in the coming months,” he said.