Mashery Received $5.5 million in Venture Capital Financing from Cisco Systems
March 28, 2010
In late February, software startup Masher announced in a press release that it raised $5.5 in a Series B round of venture capital investment. The company’s services must have caught the attention of Cisco Systems since it led the venture funding round. The company manages and maintains, distributes, and tracks application programming interfaces (APIs). The man demand for the Masher’s services comes from businesses that launch software applications (like the iPone apps) to engage their customers, but software support has nothing to do with their core activities. Besides powering the APIs of more than 40,000 developers, Mahser provides extensive data on the number of app users, who they are, and why they use the apps. According to TechCrunch, the expansion capital will be used to fuel the product development and expand the company’s headcount in order to meet the expanding customer base.