Mashery, a mashup company, raises less than $5M
San Francisco start-up Mashery has raised another round of capital to help Web companies open their platforms so that developers can build applications on top of them.
By releasing an API, or Application Programming Interface, a company can allow “mashups” of its data, and gain reach across the Web. Google did this with Google Maps, for example, mixing them with everything from housing to restaurant information. Now all sorts of businesses — banks for example — are doing this with more sensitive information, some of it requiring significant management of terms and conditions.
The amount was undisclosed, but we’ve heard it was less than $5 million.
The latest funding comes from the Formative Ventures and The Accelerator Group, as well as additional funding from First Round Capital. We first reported about the company here.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
