UPDATED 12:00 EDT / JUNE 19 2019

APPS

API development environment startup Postman raises $50M

Postman Inc., creator of the popular application programming interface development environment of the same name, is looking to build up some steam after landing a $50 million funding round led by Charles River Ventures.

Nexus Venture Partners also participated in the Series B round, which brings its total amount raised to date to $57 million.

Postman sells what it calls a “collaboration platform” for API development that’s used by developers to test API calls and validate that their responses are accurate. Postman also provides collaboration tools so developers can work together to share, test, document and monitor their APIs.

It offers both a free Pro version and paid Enterprise version of the platform, the latter with additional functionality and support for larger teams of developers.

Adoption of Postman’s API testing platform, which began life as a simple Chrome browser extension, has soared since its launch back in 2014. Today, Postman claims more than 6 million developers across 200,000 companies worldwide are using its platform.

Abhinav Asthana, co-founder and chief executive officer at Postman, told SiliconANGLE the main reason for Postman’s growth is that its platform supports “every stage of the API lifecycle,” whereas other tools tend to focus on a specialized area such as design or testing.

“In addition, Postman offers support to make API development as manageable as possible via tools like the Postman API, Newman, our command-line tool, a growing list of third-party integrations, and the API Network,” Asthana said.

Postman’s growth is certainly impressive, but Asthana said his company plans to use the new funds to accelerate its product roadmap in a bid to win even more developers over to its side. For example, one of the next steps is to add support for GraphQL, which is an open-source query language first developed by Facebook Inc. that describes how a client should request information through an API.

Support for GraphQL is an important capability for Postman to have, as many developers believe it’s superior to older API technologies such as SOAP and REST. That’s because it helps create more flexible APIs that can be adjusted with changing needs and provides more uniformity across applications.

“We also plan to continue adding more collaboration features such as user group management, team configuration management, multiteam collaboration and guest accounts,” Asthana said.

Image: Postman/Facebook

Since you’re here …

… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. 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. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.

If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.