SaaS unicorn Postman acquires Andreessen Horowitz-backed firm Orbit

Orbit was founded in 2019 and helps leading developer companies manage and grow their communities across forums, chat platforms, social channels, and more

Postman, a San Francisco-headquartered software startup, said on April 12 that it has acquired Andreessen Horowitz-backed Orbit, the community growth platform for developer companies.

However, the firm did not share the size of the deal.

Orbit was founded in 2019 and is backed by American venture capital firm Andreessen Horowitz, Coatue, Heavybit, and many others. Orbit helps leading developer companies manage and grow their communities across forums, chat platforms, social channels, and more, providing insights, automations, and engagement capabilities.

“We can show them how many developers call their APIs along with success rates, which is only part of the experience. With Orbit, we'll open up the conversation between API builders and developers, allowing developers to tell API builders what they need, and enabling API builders to reach new audiences," said Abhinav Asthana, cofounder and CEO of Postman.

Founded in 2014 by Asthana, Ankit Sobti and Abhijit Kane, Postman is a platform for Application Programming Interface (API) development.

APIs are the fundamental building blocks of all software in the world. Today’s complex software ecosystems make the rapid creation and seamless deployment of APIs an industry imperative. The Postman API Platform helps them accelerate their pace and effectiveness of software development.

Its early investors include India and US-based early-stage firm Nexus Venture Partners, and US-based Charles River Ventures (CRV).

Postman joined India’s unicorn club in 2020 after it raised $150 million in a Series C round led by US-based Insight Partners at a $2 billion valuation.