Mashery, a San Francisco, CA-based provider of API (Application Programming Interface) enablement and management services, has raised $5.5m in series C funding led by Cisco.
Existing investors Formative Ventures, First Round Capital and 406 Ventures also participated in the round.
The company will use the financing to expand its product offering, sales, and marketing operations to meet the growing demand for APIs in key vertical markets and increase its leadership position in this space.
Mashery provides on-demand API infrastructure enablement and management that helps organizations leverage their information assets to create new partnerships, extend their brand and tap into wider distribution networks.
APIs facilitate content and data sharing between communities and applications, enabling developers to create applications for mobile phones, social media sites, Web-enabled devices, gaming consoles or affiliate websites that can help organizations drive sales, broker partnerships and build brand.
FinSMEs
25/02/2010