{"id":14579,"date":"2019-03-28T13:08:24","date_gmt":"2019-03-28T13:08:24","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/kong-raises-43m-series-c-for-its-api-platform.html"},"modified":"2019-03-28T13:08:24","modified_gmt":"2019-03-28T13:08:24","slug":"kong-raises-43m-series-c-for-its-api-platform","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/kong-raises-43m-series-c-for-its-api-platform.html","title":{"rendered":"Kong raises $43M Series C for its API platform"},"content":{"rendered":"

Kong<\/a>, the open core API management and lifecycle management company previously known as Mashape, today announced that it has raised a $43 million Series C round led by Index Ventures. Previous investors Andreessen Horowitz and Charles River Ventures (CRV), as well as new investors GGV Capital and World Innovation Lab also participated. With this round, Kong has now raised a total of $71 million.<\/p>\n

The company\u2019s CEO and co-founder Augusto Marietti <\/a> tells me that the company plans to use the funds to build out its service control platform. He likened this service to the \u201cnervous system for an organization\u2019s software architecture.\u201d<\/p>\n

Right now, Kong is just offering the first pieces of this, though. One area the company plans to especially focus on is security, in addition to its existing management tools, where Kong plans to add more machine learning capabilities over time, too. \u201cIt\u2019s obviously a 10-year journey but those two things \u2014 immunity with security and machine learning with [Kong] Brain are really a 10-year journey of building an intelligent platform that can manage all the traffic in and out of an organization,\u201d he said.<\/p>\n

In addition, the company also plans to invest heavily in its expansion in both Europe and the Asia Pacific market. This also explains the addition of World Innovation Lab<\/a> as an investor. The firm, after all, focuses heavily on connecting companies in the US with partners in Asia \u2014 and especially Japan. As Marietti told me, the company is seeing a lot of demand in Japan and China right now, so it makes sense to capitalize on this, especially as the Chinese market is about to become more easily accessible<\/a> for foreign companies.<\/p>\n

Kong notes that it doubled its headcount in 2018 and now has over 100 enterprise customers, including Yahoo! Japan, Ferrari, SoulCycle and WeWork.<\/p>\n

It\u2019s worth noting that while this is officially a Series C investment, Marietti is thinking of it more like a Series B round given that the company went through a major pivot when it moved from being Mashape to its focus on Kong, which was already its most popular open source tool.<\/p>\n

\u201cModern software is now built in the cloud, with applications consuming other applications, service to service,\u201d said Martin Casado, general partner at Andreessen Horowitz <\/a>. \u201cWe\u2019re at the tipping point of enterprise adoption of microservices architectures, and companies are turning to new open source-based developer tools and platforms to fuel their next wave of innovation. Kong is uniquely suited to help enterprises as they make this shift by supporting an organization\u2019s entire service architecture, from centralized or decentralized, monolith or microservices.\u201d<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/GnqEDML0XJk\/<\/p>","protected":false},"excerpt":{"rendered":"

Kong, the open core API management and lifecycle management company previously known as Mashape, today announced that it has raised a $43 million Series C round led by Index Ventures. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-14579","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t