{"id":654277,"date":"2013-04-24T15:14:23","date_gmt":"2013-04-24T19:14:23","guid":{"rendered":"http:\/\/www.pehub.com\/?p=198227"},"modified":"2013-04-24T15:14:23","modified_gmt":"2013-04-24T19:14:23","slug":"3scale-raises-4-2m-from-javelin-costanoa","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/654277","title":{"rendered":"3scale Raises $4.2M From Javelin & Costanoa"},"content":{"rendered":"

3scale<\/strong> said it raised $4.2 million of new funding in a round from Javelin Venture Partners<\/strong> and Costanoa Venture Capital<\/strong>. The new money will expand the API management company’s service offerings and help it reach a global audience.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

3scale Raises $4.2 Million To Broaden API Adoption<\/p>\n

3scale enables any company to easily distribute, manage and monetize their APIs via its Freemium API Management offering<\/p>\n

SAN FRANCISO, CA \u2013 April 24, 2013 \u2013 3scale (http:\/\/www.3scale.net), the San Francisco and Barcelona-based API Management solutions provider, today announced \u00a0$4.2 million of new funding in a round from Javelin Venture Partners and Costanoa Venture Capital.<\/p>\n

APIs are a key infrastructure component for online businesses \u2013 powering mobile applications, partnership programs and innovation. Increasingly, as many businesses become more software driven, having a well-managed API available to customers and partners is becoming key to success in the marketplace. The growth of the number of APIs is exponential and forecasted to reach into the millions over the next 5 years.
\nIn order to meet this need, during the past two years 3scale has grown into one of the leading solution providers in the sector. The company\u2019s API Management solution provides infrastructure to manage the technical and business operations required to run a successful API program simply and at scale.<\/p>\n

In contrast to other solutions, 3scale\u2019s flexible platform is immediate, self-service and no cost to adopt, enabling any size business to run an API program and scale from free entry-level services all the way to Enterprise grade APIs on a single platform. The solution platform lets businesses build a solid foundation for their API program and scale confidently to serving 10\u2019s and 100\u2019s of Millions of API transactions per day.<\/p>\n

The 3scale API Management solution already powers APIs for over 200 customers serving over 85,000 Application Developers, with API traffic monitored and managed by 3scale more than doubling in the last 6 months. Customers range from Fortune 500 companies to small businesses and technology start-ups, including: Skype, FlightStats, Wine.com, 1WorldSync, SITA, PagesJaunes.fr(French YellowPages), FullContact and Yummly.<\/p>\n

\u201cAs products and services we rely on for our daily lives\u2014from travel info to e-commerce, thermostats to elevators\u2014increasingly connect to internet applications through machine-to-machine interfaces, the need for robustly managed API\u2019s becomes critical,\u201d noted Noah Doyle, Managing Director of Javelin Venture Partners.\u00a0 \u201cWe are proud to lead this new round of funding for 3scale because it will bring high grade solutions to a wide market, which no provider has done before.\u201d<\/p>\n

The new investment will help broaden 3scale\u2019s set of services and bring it to a global audience, enabling even more valuable APIs and API delivery by its customers.<\/p>\n

More information about 3scale can be found at http:\/\/www.3scale.net\/. The company is also looking to fill new positions in both its San Francisco and Barcelona offices.<\/p>\n

About 3scale:
\nFounded in 2007, 3scale provides a Plug & Play SaaS API Management platform and infrastructure enabling developers and companies to securely open, control, manage, operate and monetize their API to 3rd parties (e.g. developers, business partners, etc). 3scale\u2019s API Management solution is flexible, secure and web scalable enabling the distribution of a company\u2019s data, content or services to multiple devices or mobile\/web applications as well as the productization of its APIs. For more information visit www.3scale.net<\/p>\n

About Javelin Venture Partners
\nWith $200 million under management, Javelin Venture Partners is an early stage venture capital firm specializing in technology-based start-ups that leverage key innovations to create scalable, high-growth companies. Javelin Venture Partners’ investment professionals are proven new-technology entrepreneurs who focus on identifying exceptional businesses and management teams, and helping them achieve great success. The firm operates with the culture of a start-up and with an emphasis on being a true partner to entrepreneurs. Javelin Ventures Partners is located in San Francisco, CA., but invests in start-ups throughout the world. For a list of active portfolio companies, or to submit a business plan, visit Javelin’s website: http:\/\/www.javelinvp.com.<\/p>\n

About Costanoa Venture Capital<\/p>\n

Costanoa Venture Capital is an early stage investor focused on cloud-based services solving real problems for businesses and consumers by leveraging data and analytics. The firm’s name originates from the first inhabitants of Silicon Valley, the Costanoans, and harkens back to the origins of entrepreneurship and venture capital in Silicon Valley. Costanoa provides early stage entrepreneurs with a combination of “right-sized” amounts of capital and value-added support from a high-quality institutional partner.\u00a0 Current investments include: Datalogix, DemandBase, Guardian Analytics, Inflection, Intacct, iSocket, Lex Machina, LinkSmart, Return Path, and Risk I\/O.\u00a0 The firm is headquartered in Palo Alto, Ca. For more information, visit http:\/\/costanoavc.com\/
\nread our blog and follow us @costanoavc and @gsands.<\/p>\n

The post 3scale Raises $4.2M From Javelin & Costanoa<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

3scale said it raised $4.2 million of new funding in a round from Javelin Venture Partners and Costanoa Venture Capital. The new money will expand the API management company’s service offerings and help it reach a global audience. PRESS RELEASE 3scale Raises $4.2 Million To Broaden API Adoption 3scale enables any company to easily distribute, […]<\/p>\n","protected":false},"author":7545,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-654277","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/654277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7545"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=654277"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/654277\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=654277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=654277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=654277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}