Mashery Raises $11 Million
Mashery, a provider of application programming interface management tools and services, has raised $11 million in a funding round led by OpenView Venture Partners, with existing investors Cisco Systems, Formative Ventures, First Round Capital and .406 Ventures also participating.
APIs enable companies to securely manage access to data and services by internal, partner and external developers, thus allowing for accelerated development of mobile and social applications.
Founded in 2006, San Francisco-based Mashery has raised a total of $24.6 million. It’s clients include Netflix, Best Buy, The New York Times, Expedia, The Guardian and and Hoover’s, and the company says the number of live applications built on its technology has grown 150 percent to 25,000 in the past six months.
Co-founder Oren Michels is CEO.