Postman has built an enterprise API platform and today it got rewarded with a $150 million Series C investment on a whopping $2 billion valuation — all during a pandemic. Postman: $150 Million Series C Funding And $2 Billion Valuation API development platform company Postman announced it has raised $150 million in a Series C funding round led by Insight Partners Insight Partners is joining previous investors CRV and Nexus Venture Partners in this round. Postman - Founder and History . The global API management market is expected to grow to $5.1 billion by 2023, according to a March 2019 report by market research firm ReportLinker. Get the latest from Insight. News from Postman: Press Release June 11, 2020 Postman Closes $150 Million Series C Funding at a $2 Billion Valuation. Postman Inc., the startup behind a popular platform for building application programming interfaces that’s used by 11 million developers worldwide, has raised $150 million in fresh funding at a $2 billion valuation. This would mean that the startups' valuation has increased by 570% in the period. Postman claims its platform has now enabled more than 1 billion API requests, with more than 48 million API collections now running on Postman. Founded in 2014, Postman has around 500,000 customers, including UiPath, Shopify and Twitter. Today’s investment brings the total raised to $207 million, according to the company. “Over time, these APIs that teams create will organically spread from team to team and department to department, unlocking data and knowledge-sharing within the organization.”. 7 HOURS AGO, EMERGING TECH - BY KYT DOTSON . That includes a $50 million Series B from a year ago, making it $200 million raised in just a year. The wider world sat up and took note. Postman is headquartered in San Francisco and has an office in Bangalore, where the company was founded. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Postman is a collaboration platform for managing, developing and testing application programme interfaces (APIs). The more subscribers we have, the more YouTube will suggest relevant enterprise and emerging technology content to you. More than 11 million developers and 500,000 organizations worldwide use Postman today. A machine learning startup selling a product recommendation API, for instance, could employ Postman to exchange feedback with retailers that use it in their e-commerce stores. Sign Up Today. After a few collaborative sessions, the team members identified these Postman qualities and started working on sketches and concepts. They can use our tools for designing, documentation, testing and monitoring to build high-quality APIs, and they do that faster,” Asthana told TechCrunch. … We’d also like to tell you about our mission and how you can help us fulfill it. Subscribe to the Crunchbase Daily. Postman's features simplify each step of building an API and streamline collaboration to help create better APIs—faster. Show your support for our mission with our one-click subscription to our YouTube channel (below). API development platform Postman raised $150 million in new funding, bringing its valuation to $2 billion.. With 250 employees and US$30-40 million annual recurring revenue, Postman is a mid-level startup. Jeff Horing, co-founder and managing director at lead investor Insight Partners, certainly sees it that way. To date, Postman has raised $208M of funding; their latest round was closed on June 2020 at a valuation … Postman is headquartered in San Francisco and has an office in Bangalore, where the company was founded. The startup boasts an installed base of about a half-million organizations worldwide, including tech giants such as Box Inc., Shopify Inc. and Cisco Systems Inc. Joyce Lin, a senior development advocate at Postman, dropped by SiliconANGLE Media’s theCUBE studio last year at Cisco DevNet Create 2019. The company had raised its seed round back in May 2015 followed by Series A in October 2016 and Series B worth $50 million in June 2019, as per Crunchbase. “If they are having a pain point, we try to aggregate all those voices and then come out with a cohesive roadmap. “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,” he said in a statement. Software startup Postman’s valuation up 5x at $2bn; Exports improving, down by 36% in May: Piyush Goyal; Here's how to get the glorious 2021 we deserve after an unimpressive 2020 Postman was the only company which had pioneered API management. “We do listen to our community,” Lin said in the interview (below). Postman’s growing user base of 11 million developers so far has helped it establish a strong foothold in the enterprise. We're a global company with headquarters in San Francisco, a large office in . By 2016, Postman had 3.5 MM dedicated users, 1.5 MM MAUs and 30K companies using the product. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. The company boasts that its products are used by more than 500,000 companies globally. One thing the pandemic has shown him is that his employees can work from anywhere and he intends to hire people across the world to take advantage of the most diverse talent pool possible. This is a huge milestone for the company, but even more importantly, it reaffirms the importance of APIs. Postman has just closed a $150 million Series C investment round led by Insight Partners along with existing Postman investors CRV and Nexus Venture Partners. CRV and Nexus Venture Partners are existing partners who have also participated in it. Today the company has around 250 employees divided between the U.S. and Bangalore in India, and he sees doubling that number in the next year. Because what might be the loudest voice — or even a lot of voices — might not be what’s right for the tool.”. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic. Postman allows users to design, mock, debug, test, document, monitor, and publish APIs - all from one place. Postman is headquartered in San Francisco and has an office in Bangalore, where it was founded. Featured In. 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Read More. 11 HOURS AGO, [the voice of enterprise and emerging tech]. Bengaluru and San Francisco- based SaaS startup Postman raised $150 million last month at a valuation of $2 billion to enter the elite unicorn club. That didn’t stop it from raising US$150 million at a US$ 2 billion valuation—during a pandemic. “We think it shows the strength of the company. As Postman has raised a total of $208M in funding over 4 rounds. Bengaluru- and San Francisco-based Postman was launched by Abhinav Asthana and Ankit Sobti in 2014. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content. The development comes amid a slowdown in fundraising for startups amid Covid-19 pandemic and a year after Postman was valued at $350 million in June 2019. For the rest, it charges between $8 to $18 per user to its customers. 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