Overview

ReadMe.com offers tools for creating and managing API documentation, which helps software applications communicate effectively. Their clients include software developers and companies of all sizes, from startups to large enterprises, across various industries. The company uses a subscription-based model with tiered pricing to cater to different client needs, and they also provide personalized enterprise solutions. ReadMe's goal is to enhance the developer experience by making API documentation clearer and more effective.

Simplify's Take

What believers are saying

• Growing demand for API documentation due to microservices architecture transition.
• Partnership with 1Password enhances trust and security for enterprise clients.
• AI-driven tools reduce manual workload, improving developer efficiency.

What critics are saying

• Increased competition from Postman and Stoplight in the API documentation space.
• Potential security vulnerabilities with third-party authentication services like 1Password.
• Open-source tools offer free alternatives, challenging ReadMe's subscription model.

What makes ReadMe unique

• ReadMe offers a unique combination of support, tutorials, and API exploration.
• The company provides community-oriented features to drive developer adoption.
• ReadMe's subscription model caters to both small startups and large enterprises.

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Funding

Total Funding

$9.8M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:

AccelSV AngelY Combinator

Notable Investors:

AccelSV AngelY Combinator

$9,000,000

Series A

Aug 2019

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$9M

$15M

$100M

View all funding stages