Gravitee, an open-source API management platform founded in 2015, has achieved a significant milestone with its annual recurring revenue (ARR) reaching $22 million in fiscal year 2024. The company recently secured a $60 million Series C funding round led by Sixth Street Growth, bringing its total funding to over $125 million. This capital infusion aims to enhance product development and support expansion into new markets.

Gravitee’s platform offers comprehensive tools for designing, deploying, and managing both synchronous and asynchronous APIs, including RESTful and event-driven architectures like Kafka and MQTT. Its features encompass API design, mock testing, deployment, and a unified dashboard for visualization. Notably, Gravitee provides federated API management, allowing governance across multiple API gateways and event brokers such as Amazon API Gateway and Google Apigee. 

With a customer base exceeding 215 businesses across various industries and geographies, Gravitee has demonstrated robust growth. The company reported sales of £6.7 million in 2023, reflecting a three-year annual sales growth rate of 95.17%.  Gravitee’s commitment to innovation and customer satisfaction has earned it recognition as a Leader in the 2024 Gartner Magic Quadrant for API Management and a Customers’ Choice in the 2024 Gartner Peer Insights Voice of the Customer report.