RapidAPI announced that the company raised an additional $25 million for its Series B round which is led by insider investors including Andreessen Horowitz, DNS Capital, Green Bay Ventures, M12, and Grove Ventures, bringing the total amount raised to $62.5 million. The company also stated that the new funding will support the influx of new developers, onboarding of API providers, plus advanced functionality on the RapidAPI Marketplace and on RapidAPI’s Enterprise Hub.
Top five COVID APIs had more than 224 million calls
RapidAPI also saw a significant developer response to the COVID-19 pandemic with users providing and consuming API endpoints on the Marketplace. From March 1 to the current time frame, the top five COVID APIs had more than 224 million calls with a peak of almost 4.5 million in a single day. Iddo Gino, RapidAPI Founder and CEO said,
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“With the proliferation of APIs across every organization, companies must begin to evolve beyond their current API infrastructure. RapidAPI’s next-generation platform is uniquely built for modern software development, connecting millions of developers with thousands of APIs and microservices while providing the documentation, code snippets, endpoints, and resources they need to create software more efficiently. The additional funding will enable us to continue to enhance the user experience and add the features and functionality developers need to use APIs more seamlessly in their software development processes.”