Postman: A trio excursion to make a world-renowned API platform
If you are working in an IT firm, then might you can associate with the term API troubleshooting. It might have happened with you or the peoples working around you. Well, API is curtailed as Application Programming Interface and it is a very important part of any Software development or Application Development.
Through API, the applications communicate with each other. Whenever you check your phone to get a Weather update, you are using it or whenever you check for Cricket scores in Google, you are using API for it and there are many more illustrations like this.
The plan of action of Postman
The API issues are a headache for developers. A postman is a software that is easing the work of developers to manage, design, and develop APIs. It helps in making excellent APIs in a quicker and in a much smoother way. It helped in solving the problems faced by the developers and in a matter of moments, it picked up a gigantic ubiquity.
The foundation story
Abhinav Asthana who is a CEO and co-founder of Postman, while dealing with a venture of frontend architecture development in Yahoo, confronted a ton of issues because of API investigating. He contacted Ankit Sobti, CTO and co-founder of Postman to solve this problem. They together got an idea but dropped the plan.
In 2012, Abhinav thought of beginning a startup named as TeliportMe and again confronted a similar issue. This time he worked on making a code to ease his tasks. The code was a fruitful attempt and thusly giving the yield. Looking at this, Abhinav posted the code over Google Chrome to make it open for nothing among the designers. The code before long got famous and in 2012 itself, it was downloaded in excess of multiple times.
Getting positive responses, Abhinav reached his companion Ankit Sobti who was his former colleague in Yahoo. The two of them alongside Abhijit Kane(an intern in TeliportMe) began dealing with Postman. Abhinav and Ankit were working part-time on this project. Abhijit used to travel frequently from Bangalore to Mumbai to work with them.
After hard work and mutual decision among the triplet, Postman was launched in 2014 in Bangalore. The idea behind launching this was to make this open-source software more feasible and add some other features as well as providing additional functionalities in Saas(Software As A Service) products.
Significant financial specialists
The major investors of Postman are:-
- Nexus ventures partners.
- CRV(Charles River ventures).
- Insight Partners.
Fundings received
They received their first subsidizing of $1million in Seed round in May 2015 by Nexus. It received its second funding during the Series A round in October 2016. The amount was $7 million by Nexus. In the series B round of funding, the amount was an aggregate of $50 million by Nexus and CRV(Charles River Ventures) in June 2019. In June 2020, it got its arrangement C round of subsidizing of $150 million by Insight Partners, Nexus, and CRV.
These all made the complete funding amount of $208 million. It was the impact that Postman created. The funding from several platforms helped a lot to grow. It helped to create several collaboration platforms.
Current scenario
The founders mentioned that they are moving to API based methodology rather than the traditional code-based methodology. The main area of focus of Postman is towards the developers. Also, the developers are vocal on their opinion towards Postman in social media like Twitter, Instagram, Facebook, etc.
The postman had likewise brought an initiative to cut down all the clients in a single platform. It is with the launch of POSTCON which is a conference and it occurs every year.
Currently, Postman is used in pretty much every association. It joined the unicorn club in 2020. Postman is used by about 98% of the fortune 500 companies. All the computer programmers who chip away at API are utilizing Postman now. It is a very common software in any engineering firm. There are close to around 500000 organizations worldwide that are utilizing this tool.
Its headquarter is now in San Francisco, California with a company size of more than 250 employees. There are near about 11 million developers worldwide using this huge platform.
Net worth
The assessed yearly repeating income adds up to $54 million.
Pricing
Most of the features of this software are free for individual developers. For endeavors having users up to 99, the cost and pricing are already mentioned on the website. For enterprises having users more than 100, they need to contact the business division of Postman to get the pricing details. During Covid time, it had taken its initiative of providing free customer services.
Significant contenders
Some of the major competitors of Postman are:-
- Swagger.
- Azure API.
- Apimetrics.
- Smartbear.
- Runscope.
- Karate.
- 3scale.
- Loggly.
- Apiary.
About Us
Startup in Style is an online media platform. We are centered on delivering the latest news and case studies of startups and brands.
