Originally posted on VentureBeat:
Layer7 is the latest application programming interface (API) startup to find a home inside a corporate IT giant.
Layer7, founded in 2003, had raised about $20 million from BDC Venture Capital, GrowthWorks Capital, and Shoreline Venture Management. Its specialty is giving corporations “building blocks” (its words) to expose their internal applications to the world (or to their business partners) via APIs. That simplifies the technical details of integrating the companies’ various applications. In a way, APIs are like the plumbing of the software world, connecting applications to one another so that data can flow between them like water or gas.
Layer7 has hundreds of enterprise customers, and employs about 165 people at its Washington, D.C. headquarters and in Canada, U.K., and Australia.
“This enables us to extend our…
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