Gravitee nabs new cash to simplify API development and management

Some developer teams are struggling to make APIs useable as a result, leading to duplicated efforts, wasted engineering hours, and missed revenue opportunities.At least, thats how Rory Blundell sees it. Its unlike some legacy, traditional API management solutions in use today, which only work with synchronous APIs limiting the types of applications that they can orchestrate.After a year in which its customer base grew to over 150 customers, Gravitee has closed a $30 million funding round led by Riverside Acceleration Capital with participation from Kreos Capital, AlbionVC and Oxx. We now believe the industry is heading to API 3.0: standardization, security, and composition on top of multiple protocols including synchronous and asynchronous technologies and embracing event-native architectures.Gravitees rivals include Blobr, which offers software for exposing and monetizing enterprise APIs; StepZen, which is developing graph technology to help connect and visualize various APIs; and well-capitalized startups like Postman, which raised $225 million last August. But Blundell argues that theres enough capital to go around.Its not purely magical thinking particularly in light of predictions that APIs will become the top cybersecurity attack vector. As tumultuous as todays macroenvironment is, it was an ideal time for Gravitee to seize upon its position of strength, and it further demonstrates the confidence from our investors We remain committed to ensuring that Gravitee is the most feature-packed open source API solution on the market while delivering the robust scalability and features required by the most demanding of enterprise customers.Gravitee currently has 100 employees and plans to expand headcount by 20% through the end of the year.