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    Home»Deals»Software firm Postman valued at $5.6 billion after funding round
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    Software firm Postman valued at $5.6 billion after funding round

    August 18, 20211 Min Read
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    In this photo taken Sunday, Oct. 7, 2018 and provided by Justin Borja, a SpaceX Falcon 9 rocket launch is seen in the distance over the Golden Gate Bridge near Sausalito, Calif. When SpaceX launched a rocket carrying an Argentine Earth-observation satellite from California, both the night sky and social media lit up. People as far away as Phoenix and Sacramento posted photos of the rocket returning to its launch site on Sunday night in what was the first time SpaceX landed a first-stage booster back at its launch site at Vandenberg Air Force Base. (Justin Borja via AP)
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    Software company Postman said on Wednesday it was valued at $5.6 billion after raising $225 million in a funding round led by venture capital and private equity firm Insight Partners, which is an existing investor in the company.

    Founded in the Indian city of Bengaluru in 2014, Postman is an application programming interface (API) platform. APIs are software that act as an intermediary between applications. The San Francisco-based company has over 17 million users and 500,000 organizations on its platform, it said.

    Its customers include big names in the software and technology sector including Microsoft Corp, Salesforce.com Inc, digital payments processor Stripe Inc, Cisco Systems Inc and PayPal Holdings Ltd.

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    Source: Reuters

    By Niket Nishant

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