Postman Raises $50 Million in Series B Financing
June 26, 2019

Postman announced the completion of a Series B financing round totaling $50 million.

The funding was led by CRV and included participation by Nexus Venture Partners. CRV General Partner Devdutt Yellurkar has joined the Postman board of directors.

“Postman has created a powerful collaboration platform for the entire API development lifecycle. CRV is deeply involved in the API and microservices space, and we have been tracking Postman from its early days in Bangalore,” said Devdutt Yellurkar, general partner at CRV. “Over the past couple of years, Postman has emerged as a true API development and testing platform and has a very fast-growing developer community. We are looking forward to working with Abhinav, Ankit, Abhijit and the rest of the team at Postman as they build a foundational software company.”

“As software development moves from a code-first to an API-first approach, Postman is evolving as the must-have companion for every developer. It has been a real pleasure to have backed Postman from day one. We are super excited about the journey ahead,” said Postman board member Jishnu Bhattacharjee, managing director of Nexus Venture Partners, which led Postman’s October 2015 Seed & Series A, which totaled $7 million.

Postman CEO and co-founder Abhinav Asthana said, “APIs are the building blocks of effective software – so while software might be eating the world, we know that APIs are eating software. Innovation in APIs will drive the future of software development, and this funding will further accelerate Postman’s growth in the API ecosystem.”

In addition, Postman v7.2 now supports sending GraphQL queries in the request body, GraphQL variables, and GraphQL query autocompletion.

“Adding inbuilt support for GraphQL has been our number two most requested feature on GitHub and we’re excited to bring this popular spec to the Postman app,” stated Asthana. “GraphQL is a crucial spec that has been growing in popularity and we’re excited to support developers whose workflow involves testing GraphQL APIs.”

Additionally, GraphQL support paired with Postman’s recent release of schema support and building APIs directly in Postman means API developers can now create and store GraphQL schemas directly in Postman itself.

Share this

Industry News

July 25, 2024

Backslash Security introduced its Fix Simulation and AI-powered Attack Path Remediation capabilities.

July 25, 2024

Check Point® Software Technologies Ltd. announced the appointment of Nadav Zafrir as Check Point Chief Executive Officer.

July 25, 2024

Sonatype announced that Sonatype SBOM Manager, its Enterprise-Class Software Bill of Materials (SBOM) solution, and its artifact repository manager, Nexus Repository, are now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).

July 24, 2024

Broadcom unveiled the latest updates to VMware Cloud Foundation (VCF), the company’s flagship private cloud platform.

July 24, 2024

CAST launched CAST SBOM Manager, a new freemium product designed for product owners, release managers, and compliance specialists.

July 24, 2024

Zesty announced the launch of its Insights and Automation Platform.

July 23, 2024

Progress announced the availability of Progress® MarkLogic® FastTrack™, a UI toolkit for building data- and search-driven applications to visually explore complex connected data stored in Progress® MarkLogic® platform.

July 23, 2024

Snowflake will host the Llama 3.1 collection of multilingual open source large language models (LLMs) in Snowflake Cortex AI for enterprises to easily harness and build powerful AI applications at scale.

July 23, 2024

Secure Code Warrior announced the availability of SCW Trust Agent – a solution that assesses the specific security competencies of developers for every code commit.

July 23, 2024

GFT launched AI Impact, a new solution that leverages artificial intelligence to eliminate technical debt, increase developer efficiency and automate critical software development processes.

July 23, 2024

Code Metal announced a $13M seed, led by Shield Capital.

July 22, 2024

Atlassian Corporation has achieved Federal Risk and Authorization Management Program (FedRAMP) “In Process” status and is now listed on the FedRAMP marketplace.

July 18, 2024

Mission Cloud announced the launch of Mission Cloud Engagements - DevOps, a platform designed to transform how businesses manage and execute their AWS DevOps projects.

July 18, 2024

Accelario announces the release of its free TDM solution, including database virtualization and data anonymization.