Overview

Speakeasy simplifies the creation and integration of Application Programming Interfaces (APIs) by automating the generation of Software Development Kits (SDKs) that developers use to build applications. This automation saves developers time and allows them to focus on improving their core products. The company operates on a subscription model with different pricing tiers, catering to both small startups and large enterprises. Speakeasy aims to enhance developer productivity and accelerate innovation across various industries.

Simplify's Take

What believers are saying

• Increased demand for API management as companies adopt microservices architecture.
• Growing interest in low-code platforms expands Speakeasy's potential user base.
• API-first strategies align with Speakeasy's focus on API automation.

What critics are saying

• Increased competition from established platforms like Postman and RapidAPI.
• Potential customer churn due to rapid technological advancements in API development.
• Economic downturns may lead to reduced spending on developer tools.

What makes Speakeasy unique

• Speakeasy automates SDK creation, saving developers time and effort.
• The platform integrates SDK generation into API's CI/CD processes.
• Speakeasy offers type-safe, idiomatic SDKs for enterprise APIs.

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Funding

Total Funding

$10.9M

Above

Industry Average

Funded Over

1 Rounds

$7,600,000

Seed

Jun 2023

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$7.6M