M&A

M&A

API platform Postman acquires US co Akita Software

Company Announcement   Press Release  

San Francisco- and Bengaluru- based Application Programming Interface (API) platform Postman has acquired Akita Software, a Palo Alto, CA-based company that makes monitoring and observing system behavior accessible for developers. Postman will integrate Akita's API discovery and monitoring capabilities with its platform. Led by Jean Yang, founder and CEO, Akita discovers and monitors APIs by watching API traffic, without requiring special frameworks or software development kits (SDKs). Companies can easily gain visibility into their systems, without having to become experts in monitoring and observability. The company was founded in 2018 and is backed by lead investors Andreessen Horowitz and Sequoia Capital, with additional investments from NBA champion Kevin Durant, Elad Gil, and Harpoon Ventures. The entire Akita team will join Postman. Led by CEO Abhinav Asthana, Postman offers an API platform, used by more than 25 million developers and 500,000 organizations. The firm received funding from Battery Ventures, BOND, Coatue, CRV, Insight Partners, and Nexus Venture Partners.