Lunar.dev raises $6M to help organizations control and optimize the APIs they use
TEL AVIV, Israel, Nov. 9, 2023 /PRNewswire/ -- Lunar.dev, the first-ever API Consumption Management solution, announced today the launch of its open-source platform, along with $6 million in Seed funding. The round was led by Uncork Capital with the participation of existing investor Angular Ventures. The funds will be used to expand the open-source platform and build out the company's commercial SaaS offering, which will launch early next year.
- API use is ubiquitous in modern software development, with Gartner researchers finding a 94% adoption rate of third-party APIs among organizations.
- "APIs are the backbone of modern software — but they're also its Achilles heel," said Eyal Solomon, co-founder and CEO of Lunar.dev.
- However, there's no good way for organizations to maintain visibility and control over all of the APIs they use.
- Lunar.dev created the first API consumption management solution, providing organizations with complete oversight and control over their API usage.