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Gravitee, a platform that helps companies manage APIs, raises $60M
Gravitee, an API management platform, has raised $60M in Series C funding led by Sixth Street Growth, taking its total funding to over $125M. The investment will support new product development and market expansion. CEO Rory Blundell emphasizes the importance of integrated systems for security and innovation amid rising complexities in data management. Gravitee, founded in 2015, now serves hundreds of clients, including BlueYonder and Michelin.
Key points
- Gravitee raised $60M in a Series C round led by Sixth Street Growth.
- Total funding for Gravitee now exceeds $125M.
- Funds will be used for developing new features and entering new markets.
- CEO Rory Blundell highlights the challenges companies face due to complex data systems.
- Gravitee offers both asynchronous and synchronous API support.
- Annual recurring revenue reached $22M in FY 2024.
- Gravitee has hundreds of clients including major companies like BlueYonder and Roche.
Why it matters
- The rise of APIs corresponds with increasing IT trends focusing on integration and automation by 2025.
- Historically, the API economy has grown significantly, with companies increasingly relying on them for interoperability.
- Security and observability in data infrastructure are key concerns as industries invest in digital transformation.
The significant funding round reinforces Gravitee's position in the competitive API management sector, responding to the critical need for integrated solutions in today's complex data environments.