Software APIs help different tools communicate with one another, let developers access essential services without having to code it themselves and are critical components for driving a platform-driven strategy. Yet they require solid documentation to help make the best use of them. ReadMe, a startup that helps companies customize their API documentation, announced a $9 million Series A today led by Accel with help from Y Combinator. The company was part of the Y Combinator Winter 2015 cohort. Prior to today’s funding announcement, the company had taken just a $1.2 million seed round in 2014. Today, it reports 3,000 paying customers and that it has been profitable for the last several years, an unusual position for a startup. In spite of this success, co-founder and CEO Gregory Koberger said as the company has taken on larger customers, they have more sophisticated requirements, and that prompted them to take this round of funding.
ReadMe Creates Crisp Documentation For Developers Using Your APIs
Y Combinator-backed ReadMe wants to make it easy for any company to provide quality documentation for developers who might be interested in using their APIs. With the prevalence of APIs, it’s easier than ever to integrate features from your favorite apps and services into your own work. If you’re one of those companies looking to get your APIs in the hands of third-party developers, however, it means that you’ve got more competition for mindshare. How do you get developers to integrate your maps or restaurant review database instead of someone else’s? The obvious answer is building out a stronger showing of features. Who wouldn’t go with the most powerful option?