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We're excited to announce Oxx has co-led an $11m Series A investment in Gravitee.io, the open source API management platform that gives businesses and their developers unprecedented control over their entire API ecosystem, alongside our friends at Albion VC. Mikael Johnsson, General Partner at Oxx, will join the Gravitee.io board.
APIs are the backbone of modern enterprises, but with ubiquity comes the need for APIs to run perfectly every time. Managing the complex web of APIs being developed and used, while maintaining security and integrity, is a monumental task. Gravitee.io is the leader in next-gen API management, enabling users to control the full lifecycle of their API ecosystem in minutes and hours, instead of months. From developing, to monitoring, using, publishing and securing with Identity and Access Management (IAM), Gravitee.io is the holistic API platform for the modern era. Gravitee has tier 1 enterprise customers spanning industry, in +20 countries and sees +35,000 global downloads per month, driving it's +160% year on year growth.
We're excited to support Gravitee.io as they accelerate to service strong global demand and cement their position as the category leader in API management!
Read more about the financing in Venturebeat, or learn more about why we invested here.
Rory Blundell, CEO of Gravitee.io:
“Businesses that can make full use of their data are more successful. So effective API management is becoming a core competence. The challenge for IT teams is to connect the existing data silos, plus emerging streamed data sources, and enable these to be shared in a consistent way, secured in line with best practices, and easily governed. Gravitee.io offers the richest open source functionality to make that process effortless for developers and system architects. In AlbionVC and Oxx we have found partners who recognise the value that effortless API control brings to digital enterprises. With their backing, we can accelerate our mission to bring open source control of API ecosystems to the global developer community.”
Mikael Johnsson, General Partner of Oxx:
“API management is reaching mainstream adoption and organisations are looking for highly competent yet pragmatic tools that deliver unprecedented commercial flexibility and superior ROI. As the only next generation API management tool that fully integrates its own IAM (Identity and Access Management), and offers the ability to quickly and intuitively build, manage and monitor APIs, it’s clear Gravitee.io is the leader in next generation API management. Gravitee.io’s impressive growth so far is testament to the backing of the developer community. We share the Gravitee.io team’s vision for building a category-leading company and are thrilled to partner with Rory and the team as they accelerate to service global demand.”
Paul Lehair, Investor at AlbionVC:
“We have been hugely impressed by what the Gravitee.io team has achieved to date. Having been bootstrapped until now, they managed to build the richest open source API management platform, attract clients across sectors and geographies, and constantly win against competitors thanks to their highly flexible platform. We are excited to support Gravitee.io during their next stage of growth as they continue building a category leading business in this massive space.”
Guy Duncan, CTO at Tide:
“We were looking for a solution to take our APIs to the next level, we found that by using Gravitee.io, we were able to achieve our goals of having a robust, highly automated, scalable, secure and full API Management System. The Open Source nature of Gravitee.io is essential for us at Tide; and we plan on contributing to ensure that Gravitee.io grows as the Tide business grows. Full support of Open Banking is a perfect fit for Tide’s platform.”
