San Francisco-based API platform Postman announced Wednesday that it raised $225 million in a Series D round led by Insight Partners. The fresh capital sent the unicorn’s valuation skyrocketing to a whopping $5.6 billion, a big jump from its last funding round. Following Postman’s Series C, a little over a year ago, the company had just secured its unicorn status with a valuation of $2 billion.
Postman prioritizes building APIs at the very beginning of the software development cycle. With its real-time collaboration feature, Postman aims to increase productivity rates and create faster feedback cycles across product management, DevOps and engineering teams.
“The Postman community is leading the way in building the API-first world, and we’re empowering the community in every way that we can,” Abhinav Asthana, co-founder and CEO of Postman, said in a statement. “We’re committed to helping developers who are building the future with APIs.”
More than 17 million users and 500,000 organizations are signed on to Postman’s platform, according to the company. Postman’s long list of clients include tech giants like Microsoft, Intuit and Shopify.
Since the beginning of 2020, Postman has welcomed more than 300 employees to its international team. Following the latest raise, the company plans to continue the hiring momentum. Postman is now hiring for dozens of remote roles across its sales, marketing, product and engineering teams.
“The entire team here at Postman shares a big, broad, enthusiastic vision for the API-first world, and we feel that we’re still in the early stages of executing on that vision,” Asthana continued.
Postman has raised more than $430 million in venture capital financing to date, according to the company.
Additional investors Coatue, Battery Ventures, and BOND participated in the round, among others.
