INSUBCONTINENT EXCLUSIVE:
Today, the company announced a $3.5 million seed round.The investment was led by Merus Capital, with participation by Heavybit, Fresco
Capital and Zach Coelius, whose investments include Cruise Automation, which was sold to GM in 2016 for $1 billion.Moesif co-founder and
CEO Derric Gilling says Moesif is akin to Mixpanel or Google Analytics, except instead of tracking web or mobile analytics, it looks at API
Screenshot: MoesifThe company is aiming at two primary types of users
First of all, there are developers who can use the monitoring features to understand when there are issues with the API
These folks have access to the free tier.Moesif also targets business units like product management, sales and marketing, which use the tool
The tool can tie into other business systems like Mailchimp or a CRM tool to get a more complete picture of customers as they use the
API.The product was released last year, and Gilling says his company already has 2,000 customers, which includes both the free and paid
He said they have had particular success with SaaS and fintech companies, both of which make heavy use of APIs
Customers include PowerSchool, Schwab and DHL.While the company currently consists of two founders and one employee, flush with the seed
investment, it intends to hire around 10 people in the next six months, including a VP of engineering, additional developers and sales and
marketing folks.Moesif was founded in late 2016, and the founders went through the Alchemist Accelerator last year.
