Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.
For modern organizations, having a highly connected IT environment is essential. 97% of IT leaders believe it would be beneficial to combine the utilization of APIs, microservices and integration, while only 1% say that they do so already, as revealed in a recent survey conducted by Software AG.
The need for fast and efficient integration — between different systems, applications, departments and individuals — in enterprise organizations has never been greater, according to 92% of respondents.
This need will only continue to grow, especially considering IDC’s prediction that over 500 million digital apps and services will be developed and deployed using cloud-native approaches by 2023.
IT Leaders Agree on Benefits of APIs, Microservices and Integration
APIs:
■ 98% of respondents believe that APIs are or would be extremely or very important to their organizations’ operations.
■ More than eight of 10 (86%) IT leaders believe their organizations would be working in silos without the use of APIs.
■ Nearly just as many (79%) said they utilize APIs for digital transformation projects.
Microservices:
■ Most (81%) IT leaders currently utilize microservices within their organization to some extent and almost a fifth (18%) don’t use microservices currently, but plan to in the future.
■ 95% believe that microservices are or would be extremely or very important to their organization’s operations.
■ More than half (54%) plan to implement the use of microservices within the next year.
Integration:
■ Integration solutions are now commonplace in organizations, with 99% using one.
■ Organizations are most likely to be running some form of hybrid integration solution, both on-premises and in the cloud (64%), versus cloud-only (23%) and on-premises only (12%).
■ Nearly all (99.9%) respondents identify at least one benefit that is experienced in their organization as a result of using integration apps or systems, with the top three reported as: improved productivity/time savings (54%); greater visibility across the organization (47%); ability to manage information better (47%).
Challenges Persist, Limiting Further Success
Despite widespread adoption, barriers remain that limit APIs, microservices and integration systems from being maximized. Notably, concerns around lacking the needed skillset exists across all areas.
The top three challenges faced when utilizing APIs include: ensuring API security (48%); limited staff skillset to utilize APIs (41%); risk to scalability and quality of service (40%).
When it comes to microservices, the following pitfalls were noted: limited budget to invest in this (48); limited staff skillset to utilize microservices (47%); difficult to manage the entire IT environment (45%); complexity (45%); integration of different apps/services is more difficult (45%).
Lastly, the top challenge when utilizing integration applications and systems relates to ensuring security from external threats (47%). Internal organizational barriers such as limited budget (40%), staff skillset (40%) and resistance to change (40%) also come into play.
The Opportunity for a Holistic Approach
As integration demands continue to grow and organizations seek more sophisticated solutions, looking at APIs, microservices and integration solutions as separate parts is no longer enough. The future for organizations is a bundled solution that incorporates all of these together. Most IT leaders believe this approach offers benefits, which could include: boosted productivity and time savings (51%); higher customer satisfaction (49%); the ability to gain better customer insights (49%); faster time to market (45%); long term-cost savings (44%).
A vast majority (93%) of IT leaders also believe that organizations that can integrate API management with their use of microservices will have a distinct advantage over their competitors.
Industry News
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, has announced significant momentum around cloud native training and certifications with the addition of three new project-centric certifications and a series of new Platform Engineering-specific certifications:
Red Hat announced the latest version of Red Hat OpenShift AI, its artificial intelligence (AI) and machine learning (ML) platform built on Red Hat OpenShift that enables enterprises to create and deliver AI-enabled applications at scale across the hybrid cloud.
Salesforce announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale.
OpenText™ unveiled Cloud Editions (CE) 24.4, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work.
Red Hat announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade developer portal based on the Backstage project.
Pegasystems announced the availability of new AI-driven legacy discovery capabilities in Pega GenAI Blueprint™ to accelerate the daunting task of modernizing legacy systems that hold organizations back.
Tricentis launched enhanced cloud capabilities for its flagship solution, Tricentis Tosca, bringing enterprise-ready end-to-end test automation to the cloud.
Rafay Systems announced new platform advancements that help enterprises and GPU cloud providers deliver developer-friendly consumption workflows for GPU infrastructure.
Apiiro introduced Code-to-Runtime, a new capability using Apiiro’s deep code analysis (DCA) technology to map software architecture and trace all types of software components including APIs, open source software (OSS), and containers to code owners while enriching it with business impact.
Zesty announced the launch of Kompass, its automated Kubernetes optimization platform.
MacStadium announced the launch of Orka Engine, the latest addition to its Orka product line.
Elastic announced its AI ecosystem to help enterprise developers accelerate building and deploying their Retrieval Augmented Generation (RAG) applications.
Red Hat introduced new capabilities and enhancements for Red Hat OpenShift, a hybrid cloud application platform powered by Kubernetes, as well as the technology preview of Red Hat OpenShift Lightspeed.
Traefik Labs announced API Sandbox as a Service to streamline and accelerate mock API development, and Traefik Proxy v3.2.