New Orleans based digital health startup RDnote was selected by the Lafayette General Foundation to receive a $250k seed investment through the Healthcare Innovation Fund [HIF] this week. RDNote, which...
RapidAPI raises $3.5M from an all-star collection of backers to simplify backend development
RapidAPI, an open source platform which allows developers to find and connect to various backend APIs, has raised a sizeable $3.5M in seed funding this week. Founded just last year by Israeli entrepreneur Iddo Gino, who was just 17 years old at the time, the company is aiming to bring some coordination to the masses of APIs created by developers on a daily basis.
The funding round, lead by industry flagship Andreessen Horowitz (and backed by numerous others including FundersClub, 500 Startups and Martin Casado) will give RapidAPI a huge capital injection to all them to scale up their services, and the backing of a number of key figures in the industry will likely benefit them far more than the capital directly.
Engineering time is not cheap, and accelerating the development process can be a huge advantage for companies, especially those operating in the startup market. By offering a “go-to place for accessing APIs, differentiated by speed, reliability, and simplicity”, RapidAPI could certainly fill a vital need for companies across the world.
Currently working with more than 25,000 developers in its community, enterprise customers including eBay Inc, RapidAPI promises to bring easy API integration to the masses, and we wish them all the luck in their mission.