Postman, a Bengaluru and San Francisco-based SaaS startup that offers a platform for developers or enterprise to build, test, and debug their APIs, announced that it is in advanced talks with Insight Partners, a New York-based investment fund, to raise around $150 million at a valuation of $2 billion, two people in the know of the deal details said, according to an ET report.
Founded in 2014 by Abhijit Kane, Abhinav Asthana and Ankit Sobti, Postman is the collaboration platform for API development, used by 10 million developers and 500,000 companies worldwide. It’s an elegant, flexible tool for building connected software via APIs quickly, easily, and accurately. The company is backed by Nexus Venture Partners and CRV.
“The company is in final talks to close new financing which is going to take its valuation to $2 billion, that is a massive bump up from its previous round..,” said a person in the know on condition of anonymity as the talks are private.
Earlier in 2019, the company had raised $50 million in its Series B funding round, led by San Francisco-based venture capital investor Charles River Ventures. The company claims to have Microsoft, Twitter, PayPal and DocuSign as its customers.
Postman is a global company with headquarters in San Francisco, a large office in Bangalore (where the company was founded), and distributed team members on four continents.
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