17th Sept 2021

MMC backs Tyk again in $35 million funding round

We're delighted to be backing Martin, James, and the Tyk team again as they continue to play a critical role in reshaping the way that systems are connected in a digital world. We've loved working with the team since we led their Series A. It's been an exciting two years and we can't wait to see what comes next.

Tyk’s innovative API management solution helps to build mission-critical systems in highly regulated industries such as financial services, healthcare, and government. It is used by some of the world’s largest enterprises such as Societe Generale, Starbucks and Domino’s.

With businesses reinventing the way they work, software is now built across multiple clouds, locations, and teams. APIs are the backbone of this, and Tyk’s technology enables modern engineering teams to monitor, secure and manage all their organisation’s APIs in a single, functionally rich platform.

“APIs are everywhere. Ordered a pizza online? You can thank APIs for that. Just applied for a credit card? That's APIs from start to finish. The modern enterprise is at its core an API company, and those that want to survive are expanding their API ecosystems rapidly. With that growth comes an increasing need to manage, monitor and secure that complexity. At Tyk, we make that easy, we’re a progressive, global, remote-first, open-source company that puts our customers at the heart of everything we do, while pushing the envelope with continued market-leading innovation. That makes us an ideal partner for enterprises that are transitioning into, or levelling-up their API game.” Martin Buhr, CEO and cofounder, Tyk

The investment will accelerate development of Tyk’s leading independent, open-source API and service management platform. The company aims to double headcount within the next 12 months with plans to increase its UK team and expand its presence in the US to the West Coast, and open new offices in Germany, Australia, and New Zealand. You can check out open roles via the MMC jobs platform.

You can read more on Tyk's raise via Techcrunch.

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