Gravitee Secures $60M to Revolutionize API Management for Businesses
▼ Summary
– Gravitee raised $60 million in Series C funding, bringing its total funding to over $125 million, with plans to expand into new markets and develop new features.
– The company helps businesses manage complex API and digital traffic systems, addressing risks like security and observability in fast-evolving tech environments.
– Founded in 2015 as an open-source project, Gravitee now offers paid services alongside free software, with deployment options including on-premises, self-hosted, and SaaS.
– Gravitee competes with companies like Blobr and StepZen but differentiates itself by supporting both asynchronous and synchronous APIs.
– Gravitee has hundreds of customers, including major brands like Michelin and Roche, with $22 million in annual recurring revenue and plans to grow its workforce to 200 employees.
Gravitee, a leading API management platform, has successfully closed a $60 million Series C funding round, bringing its total investment to over $125 million. The round was spearheaded by Sixth Street Growth, with contributions from Riverside Acceleration Capital and Albion VC. This fresh capital will fuel product innovation and global expansion efforts, according to CEO Rory Blundell.
Businesses today rely on intricate digital ecosystems where APIs—critical connectors enabling seamless data exchange between applications—play a pivotal role. However, managing these systems without centralized oversight can lead to security vulnerabilities, operational inefficiencies, and innovation bottlenecks. Blundell emphasizes that as organizations rapidly adopt AI agents, streaming data, and hybrid architectures, the need for robust API governance has never been greater.
Founded in 2015 as an open-source initiative, Gravitee has grown into a full-fledged enterprise solution while maintaining its commitment to freely accessible software. The platform supports on-premises, self-hosted, and cloud-based deployments, offering tools for API design, testing, and real-time monitoring. Its unified dashboard provides visibility into API performance, helping businesses streamline their digital infrastructure.
Competing with players like Blobr and StepZen, Gravitee distinguishes itself through dual support for synchronous and asynchronous APIs—a feature not universally available. This flexibility caters to diverse use cases, from real-time transactions to delayed data processing.
With a client roster featuring Blue Yonder, Michelin, Roche, and Tide, Gravitee reported $22 million in annual recurring revenue for fiscal year 2024. The company currently employs 130 people, with plans to expand its workforce to 200 by year-end.
Correction: An earlier version of this article misstated Gravitee’s customer count. The company has approximately 130 employees, not customers. The text has been updated accordingly.
(Source: TechCrunch)
