API management platform Tyk Technologies has secured 拢4m in funding, to accelerate its business into the US.
The funding, led by MMC Ventures, will be used to accelerate Tyk鈥檚 presence, specifically the US, where the company has established itself as a challenger brand in the API space against competitors like Google鈥檚 Apigee, CA Technologies, and IBM.
The firm鈥檚 clients include Starbucks, Domino鈥檚 and the UK Ministry of Justice.
Tyk will be opening an office in Atlanta this summer to add to the Singapore office opened in 2017.
鈥淭he market for API management is going through a significant shift,鈥� says Dan Bailey, who led the investment for MMC Ventures.
鈥淭he number of connected services are exploding thanks to increasing demand for interoperability of products and the growth of API driven business models. The rise of DevOps in the Enterprise and shift to microservice architectures are driving the need for new, nimble products and a shift away from legacy API platforms.鈥�
鈥淭he team at Tyk have consistently impressed us with their dedication and vision to shaping a better set of products and practices for the industry 鈥� engineers love the product, as well as the flexibility and extensibility of the platform.鈥�
Martin Buhr, Co-Founder and CEO at Tyk, added: 鈥淲e want to help engineers build great products that open up data and connect systems, with APIs at their core.
鈥淏ecause we genuinely care about our community, there鈥檚 a huge desire to do things differently, whether it鈥檚 our practices to support work-life balance or our Enterprise-grade level open source API gateway. For us it鈥檚 all about working to create the best quality API Management tools that we can.鈥�