If you want to learn more about API-first development, you can check out this T-Suite podcast where I interview Abhinav Asthana. The journalism, reporting and commentary on. That’s how the company … 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. Another important component of Postman’s model is what Chief Executive Abhinav Asthana (pictured) called in a blog post today the “API network effect.” The fact that the company’s platform has a strong collaboration component helps it rapidly gain additional users in a company once an initial group of developers adopts it. 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. 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. 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 is used by software teams as a collaboration tool. Bengaluru- and San Francisco-based Postman was launched by Abhinav Asthana and Ankit Sobti in 2014. To date, Postman has raised $208M of funding; their latest round was closed on June 2020 at a valuation … 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. Insight Partners led the round with help from existing investors CRV and Nexus Venture Partners. Postman is the leading platform for API development. 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. Today’s investment brings the total raised to $207 million, according to the company. Provider of a collaboration platform designed to offer application program interface. The company’s 32-year-old CEO was retweeted by Postman’s official handle. Along with that, we are bringing people from diverse communities into our events and making sure that we are constantly in touch with those communities, which should help us build up a very strong diverse kind of hiring function,” he said. “Within the organization, the more users and teams that are added and connected, the more APIs that are discovered, shared and utilized,” Asthana wrote. View Postman stock / share price, financials, funding rounds, investors and more at Craft. 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. The funding round, announced today, is the third for the six-year-old startup so far. APIs provide a way to build connections to a set of disparate applications and data sources, and can help simplify a lot of the complex integration issues companies face. “We do listen to our community,” Lin said in the, . CRV and Nexus Venture Partners are existing partners who have also participated in it. This is a huge milestone for the company, but even more importantly, it reaffirms the importance of APIs. Postmans native apps for macOS, Windows, and Linux provide advanced features and a variety of tools that can be used to extend Postman including Newman, Postmans command-line tool, the Postman API, the API Network, and integrations. Software as a Service (SaaS)-based API development firm Postman has raised $150 million at a valuation of $2 billion led by Insight Partners. 11 HOURS AGO, [the voice of enterprise and emerging tech]. We have phenomenal adoption across developers and enterprises and the pandemic has [not had much of an impact on us]. He says that he was not actively looking for funding before this round came together. Because what might be the loudest voice — or even a lot of voices — might not be what’s right for the tool.”. Bengaluru-based SaaS startup Postman, on Thursday (June 11), announced that it has raised $150 Mn at a $2 Bn valuation in its Series C investment round led … 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 The wider world sat up and took note. They have a large team that's between 201-500 employees. … We’d also like to tell you about our mission and how you can help us fulfill it. Postman was the only company which had pioneered API management. For the rest, it charges between $8 to $18 per user to its customers. Developers share files and code related to an API they’re working on with colleagues, as well as provide resources for the end-users who use the API. Overall, the company claims there are now more than 11 million users from roughly a half-million organizations on its platform. Therefore, it is a high jump in the valuation of company. The Series C investment round was led by Insight Partners and also included Postman’s previous investors, CRV and Nexus Venture Partners, also joining in the investment round. 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. “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.”. Postman said it will use the new $150 million in funding to speed up feature development initiatives. Postman is the collaboration platform for API development, used by 10 million developers and 500,000 companies worldwide. Postman is a collaboration platform for managing, developing and testing application programme interfaces (APIs). Postman valuation is $2 b,. Thanks! Lin provided some insights into the product development approach that has helped Postman position its platform as a mainstay of software projects in just six years. Get the latest from Insight. Their latest funding was raised on Jun 11, 2020 from a Series C round. Postman has raised $208 m in total funding. “If they are having a pain point, we try to aggregate all those voices and then come out with a cohesive roadmap. Postman also offers an array of features to simplify various aspects of the API development process, including prototyping, testing and the production of documentation. Support our mission:    >>>>>>  SUBSCRIBE NOW >>>>>>  to our YouTube channel. After a few collaborative sessions, the team members identified these Postman qualities and started working on sketches and concepts. APIs have been around for four decades but Postman was probably the first startup to realise the opportunity of private APIs. This field is for validation purposes and should be left unchanged. 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. The company has been receiving crazy inbound interest [from investors],” he said. San Francisco-based startup Postman announced Thursday that it raised $150 million in a Series C financing round at an estimated $2 billion valuation. “We think it shows the strength of the company. Postman is privately held, with funding from Insight Partners, Nexus Venture Partners, and CRV. Postman has raised a total of $208M in funding over 4 rounds. The Series C round, which was led by Insight Partners, is Postman’s largest funding round to date.The company last raised a $50 million Series B in June 2019. Up Next. News from Postman: Press Release June 11, 2020 Postman Closes $150 Million Series C Funding at a $2 Billion Valuation. Subscribe to the Crunchbase Daily. “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. As Existing investors CRV and Nexus Venture Partners also participate in it. Postman's latest funding round in June 2020 was reported to be $150 m. In total, Postman has raised $208 m. Postman's latest valuation is reported to be $2 b. 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. The company boasts that its products are used by more than 500,000 companies globally. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content. Insight Partners led the round with help from existing investors CRV and Nexus Venture Partners. 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