Optic Released LintGPT, Fingerprint $33 Million Series C, Gartner Magic Quadrant
The API Changelog issue 2023.43
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This is issue 2023.43 of the API Changelog, a weekly 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 16, 2023. Subscribe now, so you never miss an issue of the API Changelog.
Announcements
Optic, a COSS API startup, announced the availability of LintGPT, a feature that lets users write API Style Guides using natural language.
Software AG announced the availability of its Super iPaaS offering. According to the announcement, Super iPaaS “advanced intelligence focuses on the use of AI throughout the lifecycle of integrations.” See diginomica for additional coverage.
Grow Credit, a financial inclusion platform, launched its Credit-Building-as-a-Service API for Enterprise Partners. According to the announcement, the API offers “two distinct products designed to empower banks, insurance carriers, fintech firms, and subscription-based businesses.”
Diamonds Direct, a US luxury jewelry company, launched an API-driven headless storefront available on the BigCommerce platform. See additional coverage on Business Wire.
Zapmap, a UK charge point mapping app, has launched a new API product suite to support the transition to electric vehicles. See additional coverage on Motorblog Uruguay.
Instant Cash, a money transfer platform, launched its new Open API platform, IC API, to simplify the process of incorporating money transfer capabilities for its worldwide customers. See additional coverage on The Paypers.
APIMatic announced the release of an API linter VSCode extension. The extension lets you easily create, validate, and lint your API definition documents in formats such as OpenAPI and RAML.
Gartner released the results of its Magic Quadrant™ for API Management. Among others, Kong and Axway were named Leaders, and Postman, SmartBear, and Gravitee Visionaries.
Funding and M&A
Flanks, a Barcelona-based API for automated wealth services raised $8M to automate wealth services in Europe. Fintech.global reported a Series A round led by Earlybird Venture Capital, JME Ventures, and 4Founders Capital, among others. See additional coverage on TechCrunch, Yahoo, FinSMEs, and EU-Startups.
Bikmo, a cycle insurance startup, raised £3.4M in a Series A extension round. Puma Private Equity led the investment. According to the announcement, Bikmo has built “an API ecosystem and data insights that enable Bikmo to move fast across territories, products, and verticals.”
Fingerprint, a device intelligence API, raised $33M in a Series C round. Nexus Venture Partners led the investment, with participation from Uncorrelated Ventures.
Reality Defender, a deepfake detection startup, raised $15M in a Series A round. DCVC led the investment, with participation from Comcast, among others.
AI
Alex McFarland wrote “OpenAI Aims for a Bolder Presence in the Developer Arena.” In this piece, the author explains how OpenAI is gearing up to introduce significant changes to improve their developer experience.
Nvidia announced major expansions to two frameworks on the NVIDIA Jetson platform for edge AI and robotics as powerful generative AI models and cloud-native APIs and microservices are coming to the edge.
Sendbird, a communications API platform, announced a groundbreaking integration to revolutionize how businesses handle generative AI-powered customer conversations. See additional coverage on ITBrief and eCommerceNews.
Fintech
Sensedia, an API solutions provider, announced a partnership with Mambu, a cloud banking platform. According to the announcement “Sensedia and Mambu’s solution enables financial institutions to leverage Mambu's core banking functionalities with Sensedia's advanced API management capabilities.”
The Paypers reported that Fiserv, a payment provider, has introduced a new set of APIs that aim to offer financial institutions Embedded Finance capabilities. See additional coverage on Mondo Visione and Businesswire.
Security
Richard Bird wrote “API Security in the Spotlight: Navigating Recent FFIEC Compliance Guidelines.” The author explains how the Federal Financial Institutions Examination Council (FFIEC) started considering APIs a unique attack surface.
Cequence announced that they’ve become the first API Security Vendor on the HPE GreenLake Marketplace enabling customers to deploy software on the HPE GreenLake edge-to-cloud platform.