RapidAPI

Company Overview

Snapshot

Founded in September 2014 by Mickey Haslavsky and Iddo Gino, RapidAPI operates with 201–500 employees. The company has raised a total of $273.15 million across 9 funding rounds from 17 investors. In November 2024, RapidAPI was acquired by Nokia.

Business overview

RapidAPI provides an API Marketplace that enables developers to discover, test, and integrate with thousands of APIs using a unified account, API key, and SDK. The platform also offers RapidAPI for Teams, a collaborative workspace for software development teams to publish internal APIs and manage public API subscriptions. Additionally, organizations can leverage RapidAPI to establish a centralized hub for API reuse and connectivity, enhancing IT visibility and governance over API consumption. The company operates within the Retail Platforms sector, focusing on business software and platforms & interfaces, serving industries such as communication services, healthcare & life sciences, enterprise & professional services (specifically software development), and financial services.

Strategic signal

In November 2024, Nokia acquired RapidAPI's technology assets and R&D team, including its API hub, to bolster its network API product development and market penetration. This strategic acquisition is significant for Nokia as it aims to expand its network API ecosystem, leveraging 5G and 4G capabilities to help operators monetize network assets more effectively. For investors and innovation teams, this signals a strategic pivot for RapidAPI, transitioning from an independent entity to a key component within a major telecommunications company, indicating a focus on integrating API technology into broader network infrastructure and services.

Company Intelligence Q&A

What was a significant recent corporate development for RapidAPI?

In November 2024, RapidAPI was acquired by Nokia. This acquisition included RapidAPI's technology assets and R&D team, with Nokia aiming to enhance its network API product development and go-to-market strategies.

What was the company's valuation in March 2022?

In March 2022, RapidAPI achieved a valuation of $1 billion during a Series D funding round.

What significant organizational changes occurred in April and May 2023?

In April 2023, RapidAPI laid off 115 employees, half of its workforce, following the appointment of Marc Friend as CEO, replacing founder Iddo Gino. In May 2023, an additional 70 employees were laid off, reducing the company's headcount to 42 from 230 in April.

Which investors participated in the Series D funding round in March 2022?

In March 2022, RapidAPI raised a Series D round from investors including SoftBank Vision Fund 2.

What product innovation was discussed in June 2023 that involved RapidAPI?

In June 2023, travel tech leaders from Wego, Expedia, and Alibaba Fliggy discussed product innovations, including mini-apps and flagship stores, with RapidAPI being mentioned in the context of how travel tech brands are building for the future.