Request A Demo
About GGV Capital API First API Index
GGV Capital API First Index includes some of the top funded API first providers. APImetrics provides ranking for the top 30 who provide access for developers to their APIs as any true API first provider should using the APImetrics CASQ scoring standard which takes into account availability, overall speed of response and how consistent the APIs are. Scores are out of 10.0 and a score above 8.0 is considered acceptable and above 9.0 is excellent.
GGV Capital Overview
GGV Capital, a venture capital firm that invests in innovative technology companies, created the “API-first index” to measure the growth and success of companies that prioritize the development of APIs (Application Programming Interfaces) in their products and services. The index was first created in 2019 as a way to track the performance of companies that place a strong emphasis on APIs in their business strategy.
The API-first index measures the growth and financial success of companies based on a set of metrics that are specific to the API economy. This includes factors such as the number of API endpoints, developer engagement, and API usage. The index is designed to capture the performance of companies that are focused on building and expanding their API offerings, rather than companies that may have APIs as an afterthought.
API-first companies are different from traditional businesses in several ways. First and foremost, these companies place a strong emphasis on APIs as a key part of their business strategy. APIs are not just an add-on to their products and services but are instead an integral part of their offerings. API-first companies often have a developer-focused culture and place a high value on developer engagement.
API-first companies also tend to be more agile and adaptable than traditional businesses. Because APIs enable companies to easily integrate with other systems and applications, API-first companies can quickly pivot their business models and adapt to changing market conditions. This agility is critical in today’s fast-paced technology landscape, where companies must be able to quickly respond to new challenges and opportunities.
Another key difference between API-first companies and traditional businesses is their focus on customer experience. By leveraging APIs, these companies are able to provide a more seamless and integrated experience for their customers, enabling them to easily access and use the products and services they need. This focus on customer experience is a key driver of growth for API-first companies, as it helps to build customer loyalty and drive revenue growth.
The GGV Capital API-first index has become an important tool for investors and analysts in the technology industry. By measuring the performance of API-first companies, the index provides valuable insights into the trends and dynamics of the API economy. It also helps investors to identify companies that are well-positioned to capitalize on the growth potential of the API economy.
The API economy has been growing rapidly in recent years, driven in part by the increasing use of cloud-based technologies and the growing importance of digital transformation for businesses. APIs enable companies to easily integrate with other systems and applications, making it possible to create more innovative products and services and deliver them more quickly and efficiently to customers.
Ready To Start Monitoring?
Want to learn more? Check out our technical knowledge base, or our sector by sector data, or even our starters guide to the API economy. So sign up immediately, without a credit card and be running your first API call in minutes.