Mashery, cloud-based multitenant API management provider, announced this week that it has secured $10 million in funding led by OpenView Venture Partners. Other participating investors include existing investors Cisco, Formative Ventures, First Round Capital and .406 Ventures. Mashery has seen a lot of growth. Year-over-year, traffic has increased by 272%, the number of live applications built on Mashery-powered APIs grew by 75%, and the Mashery network of active developers grew more than 30 percent in the past year. This month Mashery opened its fourth global office in Boston, Massachusetts. Mashery customers include: USA TODAY, Comcast, Hoover's, Klout, Associated Press, Rdio and Expedia.
Mashery, API management solutions provider, announced today the launch of its API Packager tool that allows companies to easily create customized API access plans for partners, customers and developers. With growing integration through the use of APIs, there is a demand for providing different API access offerings. APIs are now their own product with targets for revenue, reach and branding.