API Testing Service Runscope Raises $6M Series A Round.
Application Programming interface, otherwise known as API, have been recently getting some serious attention. That’s why, startups like this one-year-old, San Francisco based Runscope, has recently manage to raise over $6 million in a Series A funding round, which was led by General Catalyst Partners with participation from Lerer Ventures and True Ventures.
Previously, the company had raised over $1.1 million financial funding from True Ventures last year, providing debugging and testing tools for APIs. This helps in making sure that the API’s are actually working, making it a big deal with more and more companies becoming interested in using API to create and internal software. For instance, a business might create a software that utilizes inventory tracking from an internal API combined with shipping data from UPS’s API to show its customer when the order will become available.
The increasing interest with APIs is due to several trends, mostly due to the increasing creations of mobile applications. Instead of loading a huge software program on the particular small processing and memory of a phone, building a lightweight application that pulls information form a cloud back end sounds much better. APIs are the way to gather information. But they can be quite difficult to handle and, if one has over hundreds of APIs, figuring out if one of them is broken or misbehaving can be draining. Runescope is here to hopefully address these problems with its services for customers that include Docusign, Fitbit, Xamarin and uShip.
For this funding round, Runscope will be offering its services for on-premise deployments behind company firewalls. This will lead towards a grand stop in helping to drive enterprise adoption of the more modern way for developing software applications, according to the managing director of General Catalyst Partners and the former CTO of VMware, Steve Herrod. Herrod himself shall also be joining Runescope board of directors for this funding round.
Runscope so far has gained recognition from developers, but advancing into the world of enterprise will be both a big challenge and opportunity. Enterprises aren’t just thinking about developing applications that ca be consumed on mobile phones, they are also trying to knot the streams of sensor data from their manufacturing floors, vehicles, and even employee work stations to create a service that will allow their operations to run more efficiently. The data from connected devices will be consumed as an API, and Runscopes will make sure those APIs are running.