Nvidia | uk based gravitee io a popular open source api management service has raised 30m led by riverside acceleration bringing its total funding to 41m mike wheatley siliconangle

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Gravitee TOPCO Ltd. is now feeling richer after closing with a $30 million funding round.

Riverside Acceleration Capital led the round and Kreos Capital joined, as well as existing investors AlbionVC, Oxx and Oxx. This brings the total amount raised by the U.K-based company to $41 millions.

Gravitee.io is the startup better known. It has developed an open-source API management platform. This platform provides a range of tools that developers can use to manage streaming protocols, both legacy and newer. It also offers API security tools.

Gravitee.io API Management is aimed at API developers, while Gravitee.io Access Management is for anyone who needs to access APIs. The company claims that the two platforms combine to cover everything, from API design and management, deployment, and security.

Developers use APIs a lot because they allow applications to easily communicate with other products or services. They don’t require any knowledge of how the APIs work. APIs simplify the integration of applications and make life easier for developers.

Rory Blundell, Gravitee.io Chief Executive, stated that APIs are becoming more popular and enterprises must deal with a growing user base who wants to use APIs in their own way. APIs are also becoming more complicated. Blundell stated that API security risks are increasing with increasing protocol complexity. “Gravitee.io has the unique position in the market to address this intersection between security and protocol complexity.”

Gravitee.io’s main product is completely free. However, Gravitee.io offers add-on services for enterprises that make API management easier. This business model has been proving successful with many enterprises signing up to become paying customers. These include Auchan SE, a French multinational retailer, Swiss Post and Derivative Path Inc, a global payments infrastructure provider.

APIs are the product for a few organizations. APIs are the route to market for everyone else — a way of collecting or sharing data, a method to deliver content or an enabler to transactions — and Gravitee is that route,” Jonathan Drillings, Riverside Acceleration Capital Partner Jonathan Drillings. Gravitee’s focus upon seamless API management allows customers to concentrate on their core business while delivering the service they demand through digital channels.

Gravitee.io stated that it will use today’s funding round to accelerate its plans for go-to market and expand its product range.

Image: Gravitee.io

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