Kong, Inc., a San Francisco, CA-based API and service lifecycle management platform for modern architectures, raised $43m in Series C financing.
The round was led by Index Ventures with participation from existing investors Andreessen Horowitz (a16z) and Charles Rivers Ventures (CRV), as well as new investors GGV Capital and World Innovation Lab (WiL).
The company, which has now raised $71m to date, intends to use the funds to expand adoption of its service control platform and invest in international expansion including Asia Pacific and Europe, build out its go-to-market capabilities and team.
Launched in August 2017 by Augusto Marietti, CEO, Kong delivers an API and service lifecycle management platform designed for modern architectures, including microservices, containers, cloud and serverless. The Kong Service Control Platform, designed for the modern era of software development, connects APIs and microservices across cloud-native, hybrid, and on-prem environments to allow developers to create scalable, microservice applications. Powered by a high-performance, open source core and enhanced with artificial intelligence (AI) and machine learning, the platform will enable end-to-end service lifecycle management – from pre-production to post-production – to support customers building and managing innovative products and services.
This new round follows growth in 2018, in which the company drove a significant increase in year-over-year bookings, doubled headcount, reached 110 enterprise customers, including Yahoo! Japan, Ferrari, SoulCycle and WeWork, among others.