JFrog announced a new machine learning (ML) lifecycle integration between JFrog Artifactory and MLflow, an open source software platform originally developed by Databricks.
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.”
Industry News
Copado announced the general availability of Test Copilot, the AI-powered test creation assistant.
SmartBear has added no-code test automation powered by GenAI to its Zephyr Scale, the solution that delivers scalable, performant test management inside Jira.
Opsera announced that two new patents have been issued for its Unified DevOps Platform, now totaling nine patents issued for the cloud-native DevOps Platform.
mabl announced the addition of mobile application testing to its platform.
Spectro Cloud announced the achievement of a new Amazon Web Services (AWS) Competency designation.
GitLab announced the general availability of GitLab Duo Chat.
SmartBear announced a new version of its API design and documentation tool, SwaggerHub, integrating Stoplight’s API open source tools.
Red Hat announced updates to Red Hat Trusted Software Supply Chain.
Tricentis announced the latest update to the company’s AI offerings with the launch of Tricentis Copilot, a suite of solutions leveraging generative AI to enhance productivity throughout the entire testing lifecycle.
CIQ launched fully supported, upstream stable kernels for Rocky Linux via the CIQ Enterprise Linux Platform, providing enhanced performance, hardware compatibility and security.
Redgate launched an enterprise version of its database monitoring tool, providing a range of new features to address the challenges of scale and complexity faced by larger organizations.
Snyk announced the expansion of its current partnership with Google Cloud to advance secure code generated by Google Cloud’s generative-AI-powered collaborator service, Gemini Code Assist.
Kong announced the commercial availability of Kong Konnect Dedicated Cloud Gateways on Amazon Web Services (AWS).
Pegasystems announced the general availability of Pega Infinity ’24.1™.