This is issue 2024.42 of the API Changelog, a mix of API news, commentary, and opinion. In this issue, you'll get to know the most relevant API-related information from the week of October 7, 2024. Subscribe now, so you never miss an issue of the API Changelog.
News highlight
Anthropic's Message Batches API, similar to OpenAI's Batch API, enables developers to process large volumes of messages asynchronously, allowing up to 10,000 queries within a 24-hour window at half the standard cost. This cost-effective approach improves efficiency and reduces expenses for non-immediate tasks. The API's 50% discount strategy may increase AI adoption by lowering expenses for data-heavy enterprises. See additional coverage on MarkTechPost.
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CHAI, a Palo Alto startup, reported over 40% growth in Q3 2024 and is rapidly expanding its 12-engineer team. The company is diversifying from its popular app to providing B2B and B2C APIs, competing with OpenAI's offerings by focusing on user engagement and fun. See additional coverage on PR Underground.
Preciselylaunches Data Graph API for streamlined data enrichment within their suite, enhancing query and insight capabilities. The API, supported by PreciselyID, simplifies integration and access to a network of trusted datasets. See additional coverage on enterprise times, inside AI News, and BigDataWire.
Kevel, an API-first ad-serving company, has partnered with The Home Depot's Orange Apron Media to revamp its retail media networks. Orange Apron will use Kevel's Retail Media Cloud™ for its in-house technology, aiming to better connect advertisers with customers.
NTMhas collaborated with Storykit to automate video creation for 320 reporters by integrating Storykit's API into their publishing tool. The solution facilitates mass video production directly within existing platforms, streamlining content creation for NTM's vast audience.
Termiihas announced Sotel, a new eSIM API service aiming to provide seamless global connectivity for diverse industries. The service, launched with Siu Telecoms, allows integration of data roaming in over 180 countries, enhancing user experiences. See additional coverage on Punch.
Apollo GraphQLhas introduced Apollo Connectors for easier incremental GraphQL adoption by converting REST APIs into GraphQL endpoints. The updates to Apollo GraphOS improve performance, offer demand control, and allow custom schema checks for enterprise-grade API management. See additional coverage on Techzine and siliconAngle.
Planet DDS, a top cloud-based dental software provider, unveils DentalOS, the pioneering dental operating system. DentalOS revolutionizes DSOs' technology integration and growth via an open API for seamless application interoperability.
Depositphotos and VistaCreateintroduced Creative Suite API, a business-tailored solution for effortless full-cycle content creation. The API suite offers a vast stock content library, AI-driven tools, and an intuitive design editor to enhance productivity and creativity.
Funding
Unified.toraised $1.1M CAD (approximately USD $800K) pre-seed funding to streamline API integration for SaaS companies, particularly in AI. With a previously collaborative team, Co-founders Roy Pereira and Alexey Adamsky address major industry pain points through their platform. The funds will support product development, hiring, and market strategy execution. See additional coverage on AccessWire and The SaaS News.
Cloud-API startup Kong, now valued at $2 billion, secured a new financing round led by Tiger Global. The company, which provides cloud-based APIs, reportedly achieved over $100 million in annual recurring revenue last year. See additional coverage on Business Insider.
AI
CTERAhas introduced Data Intelligence, integrating cloud file data with GenAI models to prevent poor AI chatbot responses. The service enhances AI interactions by providing real-time access to proprietary enterprise data, prioritizing data privacy and security.
OpenAIhas secured a partnership with media conglomerate Hearst to access its extensive newspaper and magazine content. Hearst will receive financial compensation and credits for OpenAI tech, amidst varying publisher responses to such AI partnerships.
Microsoftis previewing a new .NET library to smoothen AI integration into .NET apps, targeting partners and ISVs. The library provides unified API abstractions, catering to developers across the .NET ecosystem for simpler AI service integration and testing.
Paris-based fintech Kyriba has upgraded its AI tools to improve CFOs' liquidity management and cross-functional workflows. These enhancements aim to advance financial agility and operational integration for businesses.
Openai Swarm Framework offers a simple, controllable solution to AI multi-agent system orchestration challenges. It permits easy agent interaction and task handoff, enhancing accessibility and efficiency in complex AI configurations.
Promp IDE by xAIis now available to early-access users in the US, featuring prompt management and analytics. The tool's launch aligns with a hackathon at xAI, signifying its role in advancing AI through the Grok chatbot and Colossus cluster.
Fintech
Pittsburgh-based PNC Bankhas expanded its deal with Akoya to enhance secure financial data-sharing for corporate clients. Akoya's API-based network, adhering to the FDX standard, enables PNC's corporate customers to safely exchange financial data within the PINACLE platform.
Speakeasy, an API development platform, will showcase its tools for enhancing API integration in finance at the Open Banking Expo UK & Europe. The company focuses on user-friendly APIs and SDKs to facilitate seamless data exchanges and address the challenges of costly and complex integration processes.
Ozone API, as the appointed model bank provider for Open Banking Limited (OBL), updated the UK Open Banking model bank to support the new Open Banking Standards v4.0. This update, critical for facilitating UK financial institutions' compliance with the latest standards, is part of broader regulatory changes, including Smart Data and ISO 20022 implementations. See additional coverage on The Fintech Times and The Paypers.
Rapid Financelaunched its SMB Disclosure Service to help lenders comply with Connecticut's new commercial financing disclosure laws. The service integrates with lenders' platforms, offering compliance and clarity in disclosures as additional states implement similar regulations. See additional coverage on businesswire and StreetInsider.
ClearBank, a FinTech clearing bank, has introducedOpenPayd, Pay Perform, and Transact Payments to the Eurosystem's T2 payment rail for real-time Euro transactions. The access to T2 complements Sterling transactions, enhancing ClearBank's infrastructure and international client services.
Security
Akamai Technologieshas offered a free connector to help cybersecurity teams identify exposed APIs through its CDN. Stas Neyman cites the risk of overlooking API security, emphasizing the importance of securing both internal and external APIs against cyber threats.
Venafihas upgraded its Machine Identity Control Plane with better cloud integration and quantum-ready cryptography. The update simplifies machine identity management, bolsters security, and aligns with its recent integration into CyberArk's identity security portfolio.
Trulioounveiled Trulioo Fraud Intelligence, offering predictive risk insights globally across 195 countries. It combines KYC, document verification, and watchlist screening for comprehensive risk profiles through one API.
Edgiohas updated its security platform with JWT authentication integration and edge-based API Gateway functions to enhance protection. The improvements also include advanced rate-limiting features to address automated attacks and reduce data theft risks.
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