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About Rapid API
Industries
Data & Analytics
Enterprise Software
Company Size
201-500
Company Stage
Series D
Total Funding
$272.5M
Headquarters
San Francisco, California
Founded
2015
Overview
RapidAPI connects millions of developers with a wide range of public APIs through its platform, which serves as the largest API Hub in the world. The platform allows users to easily discover, test, and integrate APIs, making the development process faster and more efficient. Unlike many competitors, RapidAPI offers a centralized marketplace that simplifies API integration, catering to both individual developers and large enterprises. The company operates on a business model that includes subscription fees and usage-based pricing, providing flexible solutions that can scale according to the needs of its clients. The main goal of RapidAPI is to enhance productivity in software development by facilitating seamless API connections.
Simplify's Take
What believers are saying
- Nokia's acquisition could enhance Rapid's capabilities in 5G and 4G network APIs.
- Rapid's AI API Collection meets the growing demand for AI-driven solutions.
- Restructuring may lead to streamlined operations and improved customer success.
What critics are saying
- Nokia's acquisition under unfavorable terms may disrupt existing operations.
- 50% staff reduction could impact service quality and innovation.
- Intense competition from platforms like Coast threatens RapidAPI's market share.
What makes Rapid API unique
- RapidAPI Hub is the world's largest API hub with over 40,000 APIs.
- RapidAPI Studio offers a unified platform for API design, development, and management.
- RapidAPI Enterprise Hub provides customizable API solutions for large organizations.
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Funding
Total Funding
$272.5M
Above
Industry Average
Funded Over
5 Rounds
Andreessen Horowitz
SoftBank
SV AngelIndustry standards
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -9%Nokia has acquired Israeli startup RapidAPI to enhance its network API capabilities, including the world's largest API hub and a skilled R&D team. This move aims to strengthen Nokia's position in the API ecosystem for 5G and 4G network monetization. RapidAPI, which reached unicorn status in 2022 with a $1 billion valuation after raising $150 million in a Series D round, has seen its value decline. The acquisition will help operators unlock new revenue streams through network APIs.
Nokia has acquired the Israeli startup RapidAPI, previously valued at $1 billion, under terms that appear to be unfavorable. Founded by Ido Gino at age 17, RapidAPI faced intense competition and financial disappointment. Despite these challenges, Nokia was particularly interested in the company's neglected marketplace.
Rapid, based out of San Francisco, had raised nearly $273 million in venture funding from big-name investors that included Andreessen Horowitz, Microsoft, and SoftBank, among others.
Efficiency Leaders is thrilled to announce an exciting addition to its ever-expanding family of satisfied clients - Moorabool Shire Council has selected RapidAP, its cutting-edge Accounts Payable (AP) automation software, in collaboration with its esteemed partner, Atturra.
The API Guide does not introduce new Data Solutions APIs.
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About Rapid API
Industries
Data & Analytics
Enterprise Software
Company Size
201-500
Company Stage
Series D
Total Funding
$272.5M
Headquarters
San Francisco, California
Founded
2015
There are no jobs for Rapid API right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Rapid API