Postman secured $150M in Series C Funding round from Insight Partners


Postman, a California and San Francisco based platform for the API development, has now secured $150 million in a Series C funding round.

San Francisco headquartered, Postman is founded by the Abhinav Asthana in the year 2014. It offers an API platform for users to accelerate their pace and the effectiveness of software development. The Postman API Platform enables the building of APIs at the very beginning of the development lifecycle and collaboration between different stakeholders which include quality engineering, product management, and DevOps.

Executive Opinion

CEO and co-founder of Postman, Abhinav Asthana, said, "Developers all over the world is rapidly transitioning from the code-first mindset to an API-first mindset with Postman being the center of this revolution."

Co-founder and managing director of Insight Partners, Jeff Horing, said, "Modern-day commerce is driven by API-connected, cloud-based software, and Postman is in the absolute vanguard of companies driving faster and more effective development of solutions across a multitude of industries. The combination of the market opportunity, the management team, and Postman’s proven track record of success shows that they are ready to become the software industry’s next great success."

Postman's Latest Funding

The latest investment round brings Postman's valuation to $2 billion. The Insight Partners led the investment round. Other investor participants include Nexus Venture Partners and CRV. To date, the company has raised a total of $208 million in four funding rounds, according to CrunchBase.

The company did not disclose how the funds will be utilized but generally, companies use their newly raised funds to expand their operations and business outreach.

PC: Pablo, Unsplash

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)