Scoop: Buf raises $93 million to help engineers reclaim their time
Buf, a Toronto-based startup focused on improving protocol buffers, tells Axios that it has raised over $93 million in funding since being founded last year.
Why it matters: The company is working to change how machines and computers communicate with one another, automating away a lot of API implementation work. Or, put more simply, it wants to help give engineers some of their time back.
- The funding includes a $68 million Series B round closed last month, co-led by Lux Capital and Tiger Global.
- Other backers include Greenoaks, Lightspeed, Addition and Haystack.
- Proceeds will mostly be used to hire. Buf currently has around 20 employees, but says "there is enough work" for up to 150 people, who'd be split between Canada and the United States.