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Software Company Kong To Expand Its API Automation Platform, Bags USD43 Million In Funding

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Software_Company-Kong-To-Expand-Its-API-Automation-Platform-Bags-USD43-Million-In-Funding Software Company Kong To Expand Its API Automation Platform, Bags USD43 Million In FundingKong, a San Francisco-based Application Programming Interface (API) management provider, has secured a USD43 million in venture capital round of to expand the reach of its API automation service. The next-gen API Platform for Microservices riding the wave of microservices as companies move around the way they build applications for Cloud-based computing. According to the company reported in a statement that adoption of its platform accelerated in 2018 to reach more than 75 million downloads of its open source API platform and deals with 110 enterprise customers.

Kong CEO and Co-founder Augusto Marietti said that we’re building the nervous system of the Cloud. Our platform makes it easier to move data in and out of the cloud by connecting all of these applications. The company’s Kong Service Control Platform connects a variety of APIs and microservices across Cloud-based computing ecosystem and then utilizes Artificial Intelligence and Machine Learning to automate their management. As the report noted, the company was originally born from another startup, Mashape, which was founded in the year 2009. It built an API marketplace and then a few years ago developed the Kong product as part of its service. Nonetheless, Marietti said that Kong quickly took off, and the company sold off its API marketplace to focus on Kong, eventually changing its name.

Two-year back, the company reportedly hoisted USD 18 million in a venture capital round. Now this year’s funding round was led by Index Ventures, with additional participation from preceding investors Andreessen Horowitz and Charles Rivers Ventures, along with new investors GGV Capital and World Innovation Lab. According to the company, the fresh fund will utilize to continue product development in addition to expanding its international marketing and sales in Asia and Europe.