Postman’s Market Momentum Includes $7 Million in Series A Financing, 3+ Million Users, 1.5 Million Monthly Actives, and 30,000 Customers
SAN FRANCISCO — October 13, 2016 — Postman, the company providing the complete API toolchain for developers, today announced key milestones in the firm’s growth as it emerges from “stealth mode” startup into the larger software development market.
Explosive Growth in APIs
Since the introduction of the first Postman app in 2012, Postman has become the industry standard for Application Programming Interface (API) development, with more than three million active installations and a customer base that includes more than 1.5 million active monthly users at 30,000 companies.
This company growth mirrors the huge growth of the API industry: according to Programmable Web, the number of public APIs has grown from 5,018 in January 2012 to a current count of 15,879.
“We created Postman to address issues that I confronted personally as a developer, and our overwhelming market acceptance shows that this was a critical need,” commented Abhinav Asthana, CEO and co-founder of Postman. “The need for Postman in an API developer’s workflow will only grow as this market expands.”
Postman provides free apps for Chrome, Mac and Windows, available for download on the Postman website. In addition, Postman’s Chrome app is available in the Chrome Web Store, where it is one of the most highly rated and popular apps. Postman’s paid product, Postman Cloud, is a subscription service that provides additional team collaboration tools for both small and large development teams.
Investment from Nexus Venture Partners
The company is funded via a seed and $7 million Series A investment from Nexus Venture Partners, a firm that specializes in partnering with exceptional entrepreneurs in the U.S. and India.
“Every developer in the world will benefit from using Postman,” said Jishnu Bhattacharjee, Managing Director of Nexus Venture Partners and Postman board member. “Postman is at the very center of the industry of connected software and poised for huge growth.”
Postman helps developers run, test, document and share APIs more quickly, easily and accurately, providing users with a more effective toolchain for their API development. This unique cross-industry compatibility has driven worldwide acceptance of Postman, and nearly half of the 1.5 million users utilize Postman as part of their regular API workflow.
Widespread Adoption of Postman
Postman counts Box, Walgreens, Intuit, IBM, VMware and Apigee among its users. In addition, Postman is used by:
- 61 of the Fortune 100 companies
- Nine of the top ten cloud computing companies in the world
- Nine of the ten largest retailers
- Six of the ten largest manufacturing companies
- Three of the “Big Four” accounting firms
- Eight of the largest ten telecom companies
“Postman’s apps are downloaded more than 10,000 times every day,” continued Asthana. “Our tool is for developers, by developers, and our goal is to make API workflow better for everyone in the space.”
Postman is regularly recommended to developers by API publishers as part of their becoming familiar with their API.
Postman is the essential toolchain for API developers to share, test, document and monitor APIs and is used by more than three million engineers and developers worldwide. Postman is an elegant, flexible tool used to build connected software via APIs—quickly, easily and accurately. Developers at industry-leading enterprises use Postman, which is headquartered in Bangalore, with offices in Austin and San Francisco. Postman is privately held, with funding from Nexus Venture Partners. Learn more at www.getpostman.com, or connect with Postman on Twitter via @postmanclient.