APIGen aims to create complex custom APIs that can perform multiple tasks, such as allowing an e-commerce business to connect its web front end to its database, or enabling a drone to fly around a perimeter, capture images, and interface with another application. The startup is still in its early stages, with a beta version set to be released this month. Despite competition from tech giants and established startups, Varana Capital sees a significant opportunity for return in the $7 billion-plus API market.
Key takeaways:
- 18-year-old best friends Christopher Fitzgerald and Nicholas Van Landschoot raised a $500,000 pre-seed investment from Varana Capital for their startup APIGen, which is working on a platform that will build custom APIs from natural language prompts.
- APIGen aims to create complex custom APIs that can do multiple or serial tasks, including for IoT devices and web apps.
- The teens met on their school’s debate team and bonded over their love of coding. Their first project together was a chatbot that would allow people to chat with data.
- Varana Capital founder Philip Broenniman was so impressed with the teens' presentation that he offered to invest. The VC also provided office space for the startup.