More than 100 billion API calls per month run through Apigee’s platform. Notable Apigee clients include Walgreens, Netflix, eBay, Pearson, Gilt Groupe, Bechtel, and Getty Images. Just a week ago, the company acquired assets from Wholesale Applications Community (WAC) to help it expand its tech further.
“There will soon be a trillion mobile devices connected to the Internet, and consumers are spending more time on mobile apps than on the Web,” Apigee CEO Chet Kapoor said in a statement. “Every business — from technology startups to brick-and-mortar giants — needs an API to compete in a digital economy that is increasingly dominated by apps as the primary vehicle for communicating, connecting, and e-commerce.”
The new round of funding was led by Focus Ventures, with participation by prior investors Bay Partners, Norwest Venture Partners, SAP Ventures, and Third Point Ventures.
Palo Alto-based Apigee was founded in 2004 and has raised about $72 million total to date.