Lunar.dev, a Tel Aviv, Israel-based API consumption management solution, announced the launch of its open-source platform and secured $6 million in Seed funding.
SaaS Investors
The round was led by Uncork Capital, with the participation of existing investor Angular Ventures.
Uncork Capital is a seed-stage venture capital firm that focuses on SaaS, consumer, marketplaces, hardware, and new technology startups. Founded in 2004, and is based in San Francisco, California.
Lunar.dev Use of Funds
The funds will be used to expand the open-source platform and develop the company's commercial Software-as-a-Service (SaaS) offering, slated to launch early next year.
About Lunar.dev
Founded in 2022 by Eyal Solomon and Roy Gabbay, Lunar.dev created an API consumption management solution, offering organizations complete oversight and control over their API (Application Programming Interfaces) usage. The company's solution enables organizations to benefit from the power of third-party APIs while mitigating runaway costs, performance, and scalability issues. Its mission is to enable engineers to control 3rd party API consumption in production environments. Lunar, co-exists with your infrastructure and shines a light on 3rd party API issues, like latency, breaking changes, and high costs, and enables enforcement of 3rd party policies for real-time fixes.
Funding Details
Company: Lunar Run Ltd.
Raised: $6.0M
Round: Seed Round
Funding Month: November 2023
Lead Investors: Uncork Capital
Additional Investors: Angular Ventures
Company Website: https://www.lunar.dev/
Software Category: API Consumption Management Solution
Source: https://www.prnewswire.com/il/news-releases/lunardev-raises-6m-to-help-organizations-control-and-optimize-the-apis-they-use-301983424.html