APImetrics, a Seattle startup
that helps developers track the performance of Web services from
LinkedIn, Amazon, Facebook and others, has pulled in $500,000 in fresh
capital from Bain Capital Ventures.
It marks the first investment from Bain Capital Ventures’
newly-formed seed program, with Salil Deshpande of Bain noting that
APImetrics “redefines the way that the enterprise views and values its
API resources.”
APIs — application programming interfaces — are critical “pipes” that help the Internet function properly.
“We provide a tool that measures the amount of stuff flowing through
the pipes — how fast it is flowing and how many leaks there are,” said
APImetrics co-founder David O’Neill in an interview with GeekWire last year.
In the past year, APImetrics has been able to quickly identify issues at
Facebook, Amazon, Microsoft Azure and others. The company makes money
by charging developers to schedule and run tests on APIs, charging from
$10 per month to more than $150 per month. In June, the company said
that it had run more than five million tests since the service started,
“Today’s IT managers need not just visibility into APIs across
complex platforms, but the analytics that deliver actionable
intelligence to back API performance,” said O’Neill, who previously led the Seattle startup Viafo.
APImetrics uses an authentication abstraction technology to run
structured testing against APIs, with companies like Microsoft, AT&T
and TIBCO now using the service.
The landscape for APIs is changing dramatically, growing from a
handful just a few years ago to more than 10,000 today. The tools
developed by APImetrics are designed to help developers model various
API scenarios and provide real-time monitoring and alerts for when
things break down.
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