Mashery, a US-based provider of software application management services, has raised $11m in its series D round from a consortium including network equipment maker Cisco Systems.
Venture capital firm OpenView Venture Partners led the round as a new investor and was joined by peers Formative Ventures, First Round Capital and .406 Ventures.
In February last year, Mashery raised $5.5m in its series C round from Cisco and others, having previously raised more than $8m since 2006.
At the time, Oren Michels, chief executive and founder of Mashery, said: "To have Cisco as an investor is not only exciting but also validates the critical role that APIs play in transforming the way business is conducted online as companies move beyond the Web site." Mashery provides application infrastructure enablement and management for more than 100 brands, including Best Buy, Netflix, and The New York Times. The Mashery network of developers has more than doubled to over 100,000 since Q1 of 2010 and the number of live applications built on Mashery-powered APIs has grown 150% to 25,000 in the past six months alone.