Kong Announces It Has Closed $175M Fundraising Round to Disrupt Cloud API Market

Kong Inc. closes $175M Series E to advance its cloud API tool, transforming API growth with AI-prepared, safe API management.

Cloud API tool innovator Kong Inc. recently closed its Series E financing round at $175M. Backed by Tiger Global, Balderton, OTPP, and 137 Ventures, this helps Kong’s valuation go past $2Bn. The company has claimed $346M in total funding, making it a pioneer of API-first innovation in the market.

Leading the way to AI-ready API Management:

With popular API calls recently boosted due to LLMs, Kong enables businesses to create smart applications more quickly. It centralizes API management to deliver assurance, governance, and elasticity of the services.

According to Kong’s CTO Marco Palladino, “It extends the ability of organizations to adopt API-first approaches, to build new AI/New Data Economy capabilities, and to manage their operational risks.” Kong is providing a scalable architecture for AI applications today and defining what the infrastructure of tomorrow will look like.

Globalization and New Product Development:

The Kingdom’s Series E funding will help Kong expand internationally and improve its product development strategy line. Major emphases are given to enhancing the capabilities of AI gateways so that developers can implement secure AI applications at an unparalleled rate.

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Andrea Roda of Balderton said Kong makes the vision of Kongoso possible as it manages to help developers and businesses incorporate AI in a secure way through APIs. This places Kong in a very strategic place as a company that is likely to benefit from end-to-end AI-ready digital infrastructure.

Digital Streamlining for Transformation:

Through Kong, integration challenges are reduced to allow enterprises from small businesses to large enterprises such as the Fortune 1000 adopt API-first models. Through centralized governance with enhanced security, Kong offers faster time-to-market Go-To-Market solutions and wiser approaches to creating digital experiences. Kong is tasked to provide solutions that address the ongoing evolution towards API-first and intelligent application strategies.