Mashape
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| Type of business | Private |
|---|---|
| Available in | English |
| Founded | 2010 |
| Headquarters | San Francisco, California, United States |
| Area served | Worldwide |
| Founder(s) |
Augusto Marietti (CEO) Michele Zonca Marco Palladino (CTO) |
| Industry | Software / Internet |
| Products | open-source tools and cloud services to manage, monitor and scale Application Programming Interface |
| Slogan(s) | Powering API Driven Software |
| Website | www |
| Registration | Required |
| Current status | Active |
Mashape offers open-source platforms and cloud services to manage, monitor and scale Application Programming Interface and Microservices. The main products offered are:
The original product was first developed in mid-2009 in Milan, Italy and first incorporated in the USA, in July 2009 as Mashape, Inc. Founded by Marco Palladino, Augusto Marietti and Michele Zonca, the original project was a Mashup (web application hybrid) platform used to easily aggregate different functions and UI elements from third party products and services. While developing the product for a year, the team dealt with a lot of APIs, and discovered the need to create a unified hub to organize the growing market of APIs. In mid-2010, the team started the development of the first API marketplace. Mashape appeared online in November 2010 as an Alpha product and launched in private Beta in June 2011.
The team succeeded in raising the first funds in US. Mashape tried for two years to raise venture capital money in Italy from early 2008 to the end of 2009 without any success. Then, Mashape moved to San Francisco, and from the time they met their first investors and got money in the bank, it only took 19 days. The team flew to San Francisco with no connections and few grants and to survive, they lived and worked night and day in other people houses. They changed houses multiple times, and for a short period lived/worked on Mashape in the original Airbnb house/office (it was a small company at that time). After two months, Mashape founders were running out of money and very close to bankruptcy, when they met the people that later became investors. Mashape closed the angel round with less than $2,000 left in the bank.
In April 2010, Mashape received the first $101,000 in angel funding from early employees of the original team of YouTube and Max Sgrelli, the founder of Wave Group, an IT consulting company with over 1,300 employees. Later in August 2011, the company raised $1,500,000 in seed funding from prominent institutional investors including New Enterprise Associates (NEA), Index Ventures and various angels including Jeff Bezos and Eric Schmidt's Innovation Endeavors. During mid-2011, Mashape has rejected some acquisition offers to remain independent. Later Mashape closed $8.5M in SeriesA co-led by Index Ventures and CRV, with Stanford University participating.
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