RapidAPI provides an API marketplace and management platform built around an API Hub with tools for discovery, testing and development. The company uses a freemium model and serves a roughly even split of individual self‑service users and enterprise customers. RapidAPI added 1 million developers in the last year, bringing its total to 4 million, and reported revenue growth of 110% in the same period; about 25,000 individuals signed up for paid plans in 2021. Product expansion has come from both organic development (new testing and development tools) and acquisitions such as API development tool Paw. The team says it plans to build a “full OS for API usage,” expanding beyond a marketplace into a full suite covering the entire API lifecycle. Management highlights gaps it intends to address around API visibility, security, and data governance as part of that roadmap. RapidAPI is a next-generation API platform and marketplace that lets developers and enterprises find, connect to, and manage thousands of APIs. Its product portfolio includes the public Marketplace, RapidAPI Enterprise Hub (a white‑labeled marketplace), and RapidAPI for Teams private workspaces. Over the past year the company added capabilities including Gateway integration, support for Kafka, RapidAPI Testing and RapidAPI Design via the acquisition of Paw. The platform reports almost 3 million developers, more than 35,000 APIs, over a trillion API calls, more than 55,000 teams, 750,000 new developers in the last 12 months, and 12,000 new paid API subscribers. RapidAPI has doubled its number of enterprise customers and serves Fortune 500 organizations across financial services, insurance, telecom, and hospitality. The company raised $60M in a Series C and has raised $122.5M to date; the new funding will support developer growth, onboarding of API providers, and expansion of the platform and Enterprise Hub to serve enterprise customers. RapidAPI operates a marketplace and API-management platform that unifies disparate API interfaces behind a single API key and SDK, covering free and paid, public and private APIs. The product includes RapidAPI for Teams and an enterprise tier that lets customers build white‑label, in‑house marketplaces for staff and customers. The company monetizes through subscriptions to its API management services and by serving paid APIs. RapidAPI reports more than one million developers on the platform and 18,000 teams using the Teams product; the marketplace tracks 20,000 APIs and adds roughly 1,000 APIs per month. Since January it added about 300,000 developers (a six‑fold monthly increase versus the same five months of 2019), and paid subscriptions have grown by 30,000. Enterprise uptake is rising in financial services, insurance, carriers and healthcare, and the company says its remote-native team culture has suited the shift to digital transformation during COVID‑19. RapidAPI operates a marketplace where developers can search for, pay for, and connect to public APIs and manage API usage. The company lists 10,000 APIs in its marketplace (which it estimates covers about 33% of public APIs) and reports 1 million developers making roughly 500 billion API calls per month. RapidAPI offers tools for developers and is launching RapidAPI for Teams to help groups manage public and private/internal APIs (free for up to five developers, then $10 per user per month). The startup has about 50 employees across San Francisco, Tel Aviv and Ukraine and counts customers and API providers including Microsoft, SendGrid, Nexmo, Google, Skyscanner, Cisco, Hyatt, SAP, Delta and Reddit. RapidAPI previously acquired Mashape in 2017 and notes an additional ~20,000 stale or private APIs outside its public count. The company intends to expand the size of its marketplace and the suite of developer tools, with a strategic move into private/team API management. RapidAPI operates a developer-focused API marketplace and standardized gateway, listing roughly 8,000 APIs and supporting around 500,000 developers. The platform centralizes discovery, usage, billing and analytics for third-party and internal APIs, and is expanding into enterprise customers such as Cisco and Hyatt. Its most popular category is communications, while AI-based APIs are the fastest-growing segment. RapidAPI processes about 400 billion API calls each month and takes a roughly 1% cut on each call. Revenues are described as "in the millions," indicating early monetization at scale. The company is led by co-founder and CEO Iddo Gino, with Mickey Haslavsky as GM, and maintains offices in San Francisco, Israel and Kiev.

Total raised

$273M

Funding rounds

6

Latest round

Series D

Latest activity

Mar 2022