San Francisco-based startup Postman announced Thursday that it raised $150 million in a Series C financing round at an estimated $2 billion valuation. The round, led by Insight Partners, means the company has achieved unicorn status.
Postman’s platform prioritizes building APIs at the very beginning of a development cycle and encourages collaboration between those who work in product management, DevOps and engineering. According to the company, the real-time collaboration feature results in faster feedback cycles and increased productivity rates.
“Developers all over the world are rapidly transitioning from the code-first mindset to an API-first mindset with Postman being the center of this revolution,” Abhinav Asthana, the company’s co-founder and CEO, said in a statement.
Postman will use the new financing to hire additional staff and continue to expand its product reach. According to the San Francisco Business Times, it’s planning to double its headcount. It’s currently hiring for UX, marketing and a technical writer role based out of its San Francisco office.
“This is a huge milestone for the company, but even more importantly, it reaffirms the importance of APIs,” Asthana said in a blog post. “APIs are the building blocks of all modern connected software. As a company, we were founded on the belief that APIs have an immense potential to transform every business in the coming years.”
According to the company, the API development platform is used by more than 11 million users at over 500,000 companies globally. Microsoft, Intuit and Shopify count themselves among Postman’s long list of clients.
“APIs are the building blocks of all modern connected software,” Abhinav continued. “The future is here now and it’s powered by APIs.”
Existing investors CRV and Nexus Venture Partners also participated in the round. The company, founded in 2014, has raised $208 million in venture capital to date, according to Crunchbase.
