Stainless recently raised $25 million in a Series A funding round led by a16z, bringing its total funding to approximately $35 million. The company plans to use the funds to expand its 20-person team in New York and further develop its platform. While publishing a single SDK is free, the enterprise tier, which includes additional services, costs between $250 a month and $30,000 a year. Stainless aims to become a comprehensive platform for all API-related needs, with its annual recurring revenue nearing $1 million and approaching profitability.
Key takeaways:
- Stainless uses AI to automatically generate SDKs from APIs, supporting multiple programming languages and offering features like versioning and changelogs.
- The platform aims to streamline the process of creating SDKs, reducing the need for in-house development and ensuring consistency and up-to-date libraries.
- Stainless has attracted major tech companies as customers and offers a free tier for single SDKs, with enterprise options available for more extensive needs.
- Having recently raised $25 million in Series A funding, Stainless plans to expand its team and further develop its platform to become a comprehensive API-related solution.