Now a days every website is cashing on using APIs to become a platform. Mashery, a company that has hosted APIs for companies and helped manage them, was rewarded with a $5.5 million series of funding. The huge technology company, Cisco, as well as some other companies are the investors in this round of funding.CEO of Mashery, Oren Michels, stated in the article that so many companies are beginning to test the waters of API and are seeing significant raises in revenue as well as the growth of their companies. Michels goes on to say that companies are seeing the importance of letting their customers interact with they services instead of forcing them to do everything at the companies website. I would say that companies willingness to develop APIs are also very important to education, such as the students of IS449w being able to complete there projects for the course!
Mashery will use this new money to hire more people in sales and marketing to be able to expand their product. Currently there are 40,000 developers connected to the website. Some of the bigger names being: Bestbuy, Netflix and New York Times. I think this is another great website, other than programmable web, that we can use to gather information of our APIs. Also check out 3scale. The article lists them as Mashery's competitor.
The Original article was Posted on TechCrunch
Interesting, who would of thought there would be so much money in this stuff. Thanks for the post.
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