Gravitee, a platform that helps companies manage APIs, raises $60M

Gravitee, a platform for managing APIs and digital traffic pipelines, has secured $60 million in a Series C funding round led by Sixth Street Growth, with participation from Riverside Acceleration Capital and Albion VC. This funding brings Gravitee’s total raised to over $125 million and will support the development of new product features and expansion into new markets. CEO Rory Blundell emphasizes the importance of a control plane to integrate AI agents, streaming data, APIs, and hybrid systems, highlighting the risks companies face regarding security, observability, and control without it. Founded in 2015 by Blundell and developers Azize Elamrani, David Brassely, Nicolas Géraud, and Titouan Compiegne, Gravitee began as an open-source project and now offers paid services to support its software.

Gravitee provides a platform that can be deployed on-premises, self-hosted, or as a software-as-a-service, featuring tools for API design, deployment, and visualization. It competes with companies like Blobr and StepZen, differentiating itself with support for both asynchronous and synchronous APIs. Gravitee serves hundreds of customers, including Blue Yonder, Michelin, Roche, and Tide, and reported an annual recurring revenue of $22 million for fiscal year 2024. The company currently employs around 130 people, with plans to increase to 200 by year-end.

Key takeaways

Gravitee raised $60 million in a Series C funding round led by Sixth Street Growth, bringing its total funding to over $125 million.
The new capital will be used to develop new product features and expand into new markets.
Gravitee offers support for both asynchronous and synchronous APIs, differentiating it from some competitors.
Gravitee has hundreds of customers, including Blue Yonder, Michelin, Roche, and Tide, with an annual recurring revenue of $22 million in fiscal year 2024.

Gravitee, a platform that helps companies manage APIs, raises $60M | TechCrunch

Key takeaways

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