Nylas Secures $16 Million in Funding Round
Nylas, the unified communications API for integrating software with email, calendars, and contacts, has secured $16 million in Series B funding with the goal to expand the company.
The funding round was led by Spark Capital with participation from Slack Ventures, Industry Ventures, and ScaleUp, joining existing investors 8VC, Great Oaks Capital, Rubicon Venture Capital and John Chambers' personal fund.
Andrew Parker, General Partner at Spark Capital, spearheaded the deal and will join Nylas' board of directors.
Nylas' goal is to become the default tool for developers building applications that integrate with inbox data, said Gleb Polyakov, CEO of Nylas.
Nylas powers the communication layer in software applications for customers like Newscorp, Dialpad, Salesloft, Pipedrive, Hyundai, and Ellie Mae.
The Nylas API handles more than 100 million API requests per day, and has seen over 22,000 new developers sign up to test the platform this year alone.
Nylas has more than doubled in annual recurring revenue (ARR) in the past year and plans to continue this growth trajectory with the Series B funding.
For more information about this news, visit www.nylas.com.