Postman operates a collaborative API platform used to build, design, test and iterate APIs and has expanded to include a public API marketplace and the Postman Public API Network. The product started as a Chrome extension and began its journey in India; today it serves more than 17 million developers and over 500,000 organizations, including 98% of the Fortune 500. The company employs more than 425 people and has added features like public workspaces and no-code tools such as Flow Runner. Postman plans to broaden its product roadmap with support for protocols like gRPC and ProtoBuf, more extensive GraphQL capabilities, and deeper integrations with vendors like AWS, GitHub and GitLab. It also intends to hire across sales, marketing, product and engineering and invest in API literacy programs and open-source projects. The company declined to share revenue, but an investor noted the new round was financed at over 100 multiples of that revenue. Postman offers an end-to-end enterprise API platform used by developers, QA, and DevOps to design, document, test and monitor APIs. The product emphasizes a single platform to help teams build high-quality APIs faster and has seen strong adoption across developers and enterprises. The company has around 250 employees split between the U.S. and Bangalore and says the pandemic has not materially impacted its business. Postman plans to hire globally and expects to double its headcount in the next year, emphasizing remote work and diverse hiring. Financially, the company has raised multiple rounds, including a $50M Series B a year ago and a large Series C announced in this article. Postman provides an integrated development environment and marketplace for building, publishing, documenting, designing, monitoring, testing and debugging APIs. The platform hosts a marketplace for quick integration with other services and is used by developers and firms to standardize API workflows. Postman reports more than 7 million users and 300,000 companies on its platform, including customers such as Microsoft, Twitter, PayPal, Shopify and DocuSign. It offers some services for free and charges $8–$18 per user for paid tiers; the company declined to share detailed financial performance but said its customer base is growing phenomenally. Postman plans to use the new capital to scale its products and team, experiment with sales, and invest in improving user experience. The company began its journey in India, now has offices in India and San Francisco, and was co‑founded by Abhinav Asthana. Postman provides an API toolchain that lets developers share, test, document and monitor APIs through free desktop apps for Chrome, Mac and Windows. Its paid offering, Postman Cloud, is a subscription service adding collaboration, testing and documentation features for small and large development teams. Led by CEO and co-founder Abhinav Asthana, the company reports more than three million active installations and over 1.5 million active monthly users across 30,000 companies. Customers include Box, Walgreens, Intuit, IBM, VMware and Apigee. Postman is based in Bangalore and also maintains offices in San Francisco and Austin. The company monetizes primarily through its cloud subscription while continuing to distribute free developer tools. Postman provides a collaborative API development platform (currently a Chrome app) centered on Postman Sync to keep API workflows, documentation and changes in one place. The product functions like Google Docs for APIs with search, an in-app collection of APIs, a news feed and cloud syncing to reduce undocumented changes and breakage. The company reports more than 1.5 million registered developers and over 800,000 active users, with over half located in the U.S.; customers include teams at Box, Microsoft and Cisco. A limited version is free; the full Postman Sync service is priced at $49 per month for up to 10 developers and the company aims to convert roughly 5% of registered users to paying customers. Postman raised a $1M seed round and plans to use growth to hire more staff while maintaining a small team and to open a San Francisco office. Product roadmap items include improving Sync, then building native apps (and possibly mobile apps if there is demand) plus system integrations.

Total raised

$433M

Funding rounds

5

Latest round

Series D

Latest activity

Aug 2021