Knit Secures $1 Million in Seed Funding to Enhance SaaS Integration Platform with Gen AI

• ByStartupStory     |    May 8, 2024

Knit, an innovative unified API platform, announced that it has successfully raised $1 million in a seed funding round. The round was led by Endiya Partners, with additional investments from Axilor Ventures and several angel investors. This funding is set to boost Knit’s product development, particularly with the integration of Gen AI technologies, and support its expansion in the US and other global markets.

Founded in January 2024, Knit aims to revolutionize the way SaaS companies manage integrations by offering a plug-and-play platform that simplifies the authentication, normalization, and real-time synchronization of data across various tools such as HRIS, ATS, CRM, and more. The platform significantly reduces the effort needed to maintain these integrations, aligning with the global vision of ‘Make in India and sell globally.’

“With the unwavering support of our investors, we are confident to drive innovation and deliver value to our customers. We are poised to accelerate our product development endeavours and extend our global footprint, enabling SaaS companies to navigate integrations with unparalleled ease and efficiency,” stated Yasharth Mishra, Founder of Knit.

Knit’s platform is particularly notable for its Unified API, which aggregates APIs within specific categories like HRMS or CRM, enabling developers to connect with multiple apps through a single integration effort. This approach not only simplifies the development process but also ensures that SaaS businesses can seamlessly integrate and share data across over 100 third-party applications.

Endiya Partners expressed their enthusiasm about their investment, noting Knit’s potential to transform the API development landscape using Gen AI. “We’re thrilled to back Knit at this pivotal stage. Knit stands on the verge of leveraging Gen AI to revolutionise API development, potentially democratising integrations at scale. We’re excited to collaborate closely with Knit as they pave the way for transformative change in the SaaS integration realm,” a representative from Endiya Partners commented.

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