Red Hat unveiled updates across its portfolio of developer tools designed to help organizations build and deliver applications faster and more consistently across Kubernetes-based hybrid and multicloud environments.
Postman secured $225 million in a Series D round, placing its valuation at $5.6 billion.
The round was led by existing investor, New York-based global private equity and venture capital firm Insight Partners, and joined by new investors Coatue, Battery Ventures, and BOND, along with existing investors CRV and Nexus Venture Partners. In addition, DoorDash Product Leader Gokul Rajaram and Freshworks Founder Girish Mathrubootham have also joined as individual investors. The company has now raised more than $430 million across four rounds.
Postman will use the Series D capital to expand its teams in the areas of sales, marketing, product, and engineering. In addition, the company will continue to invest in its community of developers across the globe, support students through innovative API literacy programs, and contribute toward open source projects to foster a strong and thriving API ecosystem.
Postman continues to experience exponential growth, as APIs increasingly become the driving force for software development and business success in this decade. Today, Postman has more than 17 million users and 500,000 organizations on its platform, making it home to the largest API community in the world.
“APIs have quickly become the fundamental building blocks of software used by developers in every industry, in every country across the globe—and Postman has firmly established itself as the preferred platform for developers,” commented Insight Partners Managing Director Jeff Horing. “Postman has the opportunity to become a key pillar of how enterprises build, deliver products, and seamlessly enable partnerships across the ecosystem. Their continued, rapid expansion and strong management team point to a future for Postman with virtually unlimited possibilities.”
Postman CEO and Co-founder Abhinav Asthana said, “...this new round of funding will help Postman dramatically increase the speed of that forward motion. We’re committed to helping developers who are building the future with APIs.”