App Platform Co. Popular With Fortune 500s Raises $150M
Law360 (June 11, 2020, 6:20 PM EDT) — A San Francisco-based software company that specializes in application program interfaces, and which has served 98% of Fortune 500 companies worldwide, said Thursday it had raised $150 million in a funding round led by venture capital and private equity firm Insight Partners.
Postman Inc. said the Series C investments it secured valued the company at $2 billion. Insight Partners joined existing investors venture capital firm CRV and Nexus Venture Partners.
Insight Partners co-founder and managing director Jeff Horing lauded Postman in a statement, saying that modern business is driven by application program interfaces, which establish the guidelines for building software applications…