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Kong, an API management startup based in San Francisco, has successfully raised $175 million in a Series E funding round, bringing its total funding to $345 million. The round, which included both primary and secondary sales, was co-led by Tiger Global Management and Balderton Capital. Following this investment, Kong's valuation has reached $2 billion. The funding aims to enhance Kong's capabilities in providing connectivity for next-generation AI applications, addressing the challenges organizations face in building AI solutions that are secure, scalable, and governed. The investment reflects a growing trend towards an API-first approach in technology development, particularly as businesses increasingly adopt generative AI technologies.
MyPOV: API platform @theKonginc raises $175 million in venture funding https://t.co/ixu5xXUuGm Kong, a startup focused on cloud API technologies, raised $175 million Series E financing at a valuation of $2 billion. @ldignan #CRInsights
MyPOV: API management company @theKonginc raises $175M to provide connectivity for next-generation AI https://t.co/Ji2iu1sDde @SiliconANGLE @Mike_Wheatley “Kong’s capabilities are critical to power the next wave of generative AI, which will need to look…” - @holgermu…
ICYMI - #API management company @theKonginc raises $175M to provide connectivity for next-generation AI https://t.co/AdhFazi6lB @SiliconANGLE @Mike_Wheatley “Kong’s capabilities are critical to power the next wave of generative AI, which will need to look…” - #NextGenApps https://t.co/geW6urG1My
