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Akana by Perforce has raised $11.0M across 1 funding round.
Key people at Akana by Perforce.
Akana by Perforce has raised $11.0M in total across 1 funding round.
Akana by Perforce is a Minneapolis, Minnesota-based enterprise software provider that develops a comprehensive application programming interface management platform for designing, securing, and monitoring digital integrations. Operating as a key product line within its parent company, the division employs between 200 and 500 personnel and previously raised $21 million in total funding across two rounds before its acquisition. The platform utilizes a B2B subscription model with both SaaS and on-premises deployment options, contributing to a broader corporate ecosystem that serves 75 of the global Fortune 100 companies. The entity is currently owned by Perforce Software, which is backed equally by private equity firms Clearlake Capital and Francisco Partners, following its earlier integration into Rogue Wave Software. The enterprise software organization was originally founded in 2001 as SOA Software before rebranding to Akana and undergoing subsequent acquisitions.
Akana by Perforce has raised $11.0M across 1 funding round. Most recently, it raised $11.0M Series D in June 2006.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2006 | $11M Series D | — | Colle Capital, Crosslink Capital, Palisades Growth Capital | Announced |
Key people at Akana by Perforce.
Akana by Perforce has raised $11.0M in total across 1 funding round.
Akana by Perforce's investors include Colle Capital, Crosslink Capital, Palisades Growth Capital.
Akana by Perforce is a portfolio company within Perforce Software, providing a comprehensive API management platform that handles the full lifecycle of APIs—from design, implementation, and security to deployment, monitoring, and publishing.[1][2][3][5] It serves enterprises seeking to enhance business agility through APIs in multi-cloud, hybrid, and on-premises environments, solving challenges like securing digital assets, integrating legacy systems, and enabling rapid digital transformation.[1][2][3] The platform targets large organizations with diverse ecosystems, offering tools such as API gateways, analytics, developer portals, and security features; it's ranked as a leader by Forrester for API management and security, with strong user feedback on ease of use and reliability.[2][4][6]
Akana traces its roots to 2001, when it was founded as Digital Evolution in Los Angeles, CA, initially focusing on web services and SOA (Service-Oriented Architecture).[1][3] Key early milestones included acquiring Flamenco Networks in 2004 for enterprise SOA capabilities, rebranding to SOA Software in 2005, and subsequent buys like Merrill Lynch's X4ML product (renamed SOLA), Blue Titan in 2006, and LogicLibrary in 2008 to bolster governance and networking.[3] By 2015, it pivoted to API management amid growing demand, renaming to Akana.[3] The company raised $21M in funding across two rounds.[4] In 2016, Rogue Wave Software acquired it, followed by Perforce's acquisition of Rogue Wave in 2019, integrating Akana into Perforce's Minneapolis-based portfolio of software lifecycle tools established since 1995.[1][3]
Akana rides the explosive growth of APIs as enablers of digital business models, powering everything from consumer devices to industrial IoT amid rising demands for agility in multi-cloud and microservices architectures.[1] Its timing aligns with enterprises treating digital data as a "crown jewel," needing platforms beyond basic publishing to handle full lifecycles, security, and hybrid environments—market forces like API proliferation and cyber threats amplify this.[1][2] As part of Perforce, it influences the ecosystem by integrating with devops tools, partnering with firms like Infosys for API strategies/blueprinting, and enabling modernization from "API-Savvy to API-Smart," thus accelerating partner ecosystems and startup integrations.[2]
Akana by Perforce stands poised for expansion in an API-driven world, leveraging Perforce's devops strength to deepen cloud-native features, AI-enhanced analytics, and zero-trust security amid surging microservices and edge computing trends.[1][2] Expect tighter integrations with emerging stacks, more Forrester validations, and growth via partnerships as enterprises prioritize API monetization and resilience. Its evolution from SOA roots to a federated API powerhouse positions it to shape digital logistics, tying back to its core role in securing and scaling the "crown jewels" of modern business.[1][4]
