AUSTIN, TX, June 8, 2022 /PRNewswire/ — LibLab, a developer tools company that offers an SDK-as-a-Service platform for engineering teams, today announced that it has raised $42 million in a Series A funding to enable the expansion of its core software development kit (SDK) code generator services. Global software investor Insight Partners led the round, with participation from new and existing investors such as Zeev Ventures, Stepstone, Sheva and Rainfall. LibLab previously lifted $8 million Seed led by Zeev Ventures. This brings the total raised by LibLab to $50 million.
Companies develop SDKs to provide language-specific access models to their API services, but successfully developing an SDK in multiple languages simultaneously is difficult to achieve; each language has its own requirements that change over time. To mitigate this problem, LibLab develops SDK development tools, including an open-source code generation engine that allows developers to easily add SDKs in multiple languages for their API services.
LibLab was founded in 2022 by Sagiv Ofek, company CEO and seasoned engineering leader. Sagiv first encountered the difficulty of developing SDKs when it launched its first startup and needed to support multiple languages with limited engineering resources. Later, while leading large engineering teams in companies, Sagiv discovered the added value that well-designed SDKs can bring to companies: faster developer adoption, easier integration, and controlled API access. Sagiv also saw the need for better automation and developer tools that provide continuous synchronization between API, SDKs, and documentation.
“APIs are the modern communication layer of the internet, and SDKs make them more accessible to developers while providing the necessary safeguards for their use,” Ofek said. “LibLab automates the entire SDK lifecycle – from development to maintenance – so customers can focus on their core business.”
The SDK package generated by LibLab includes all the tools developers need to quickly integrate with the API, including authentication, routing, error handling, and security. The tool also generates a documentation page and developer portal, ensuring APIs, SDKs, and documentation are always in sync.
Praveen Akkiraju, Managing Director of Insight Partners, has joined LibLab’s Board of Directors. “SDKs are a crucial component for every API service. Companies that care about usage and adoption of their API services should offer best-in-class SDKs to their developers,” Akkiraju said. “This is what LibLab delivers, and Insight is thrilled to partner with Sagiv and the team on this exciting next chapter in the company’s growth journey.”
The service is currently in closed beta, and the company plans to release its open-source engine afterwards.
Created in 2022 by Sagiv Ofek, LibLab is a remote development tools company that automates the development, production and maintenance of SDKs. LibLab has an open source engine that generates SDKs from any API in any language. Additionally, the company offers a suite of products that automate and support the production and maintenance of SDKs – security monitoring, developer portals, analytics, and more. The company is in private beta.
About Insight Partners
Insight Partners is a global software investor that partners with high-growth technology, software and internet startups and ScaleUp companies that are driving transformative change in their industries. From February 24, 2022the closing of the company’s recent fundraising, Fund XII, brings Insight Partners’ regulatory assets under management to more than $90 billion. Insight Partners has invested in over 600 companies around the world and has seen over 55 portfolio companies complete an IPO. Based at New York CityInsight has offices in London, Tel Aviv, and Palo Alto. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with hands-on, hands-on software expertise to drive long-term success. Insight Partners meets great software leaders where they are in their growth journey, from their first investment to their IPO. For more information about Insight and all of its investments, visit insightpartners.com or follow us on Twitter @insightpartners.
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