Mashery Secures $11 Million for API Management Tools
Mashery, a provider of API management tools for Web and mobile application developers, said on Thursday that it has raised $11 million in new funding, led by OpenView Venture Partners.
Previous backers Cisco, Formative Ventures, First Round Capital and .406 Ventures also participated.
Founded in 2006, San Francisco-based Mashery provides on-demand API infrastructure enablement and management for over 100 brands, including Best Buy, Netflix and The New York Times.
The company counts a network of more than 100,000 developers.
Mashery will use the funds for additional product development, and to expand sales and marketing in key vertical markets.