INSUBCONTINENT EXCLUSIVE:
Kong, the open core API management and life cycle management company previously known as Mashape, today announced that it has raised a $43
million Series C round led by Index Ventures
Previous investors Andreessen Horowitz and Charles River Ventures (CRV), as well as new investors GGV Capital and World Innovation Lab, also
to use the funds to build out its service control platform
One area the company plans to especially focus on is security, in addition to its existing management tools, where Kong plans to add more
machine learning capabilities over time, too
company also plans to invest heavily in its expansion in both Europe and the Asia Pacific market
This also explains the addition of World Innovation Lab as an investor
As Marietti told me, the company is seeing a lot of demand in Japan and China right now, so it makes sense to capitalize on this, especially
as the Chinese market is about to become more easily accessible for foreign companies.Kong notes that it doubled its headcount in 2018 and
officially a Series C investment, Marietti is thinking of it more like a Series B round, given that the company went through a major pivot
developer tools and platforms to fuel their next wave of innovation
