Postman, a San Francisco, CA-based API platform, raised $225m in Series D funding, at a $5.6 billion valuation.
The round was led by existing investor Insight Partners, joined by new investors Coatue, Battery Ventures, and Bond, and existing investors CRV and Nexus Venture Partners, as well as individual investors DoorDash Product Leader Gokul Rajaram and Freshworks Founder Girish Mathrubootham.
The company, which has now raised more than $430m across four rounds, intends to use the funds to:
- expand its teams in the areas of sales, marketing, product, and engineering,
- continue to invest in its community of developers across the globe,
- support students through innovative API literacy programs, and
- contribute toward open source projects.
Led by CEO and Co-founder Abhinav Asthana, Postman provides a platform for building and using APIs, which is used by more than 17 million developers and 500,000 organizations worldwide. The company simplifies each step of the API lifecycle and streamlines collaboration, enabling users to create and manage APIs.
To support its global growth of APIs across all industries, Postman has released new capabilities, including: Postman on the web, public workspaces, the Private API Network, the Public API Network, API security validations, OpenAPI validations, support for protocols like WebSockets and SOAP, user groups, and SCIM integration, along with hundreds of other improvements.
The company also has an office in Bangalore.