IBM acquired Santa Clara, California-based startup StepZen for an undisclosed sum. With
the acquisition, the technology giant will be able to provide
enterprise customers with a GraphQL API tool to help them pull data from
various cloud and on-premise environments.
- GraphQL was developed as an API management tool at Facebook.
- The team behind Apigee — which Google acquired for $625M in 2016 — founded StepZen in 2020.
- The acquisition is IBM's first this year and 30th since CEO Arvind Krishna took over the reins in April 2020.
- The firm has raised $8M in total funding to date, all of which came through a seed round in December 2020.
- Wing Venture Capital and Neotribe Ventures provided the funding.
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