WSO2 secures $90 mn in growth capital from Goldman Sachs Asset Management

WSO2, the leader in digital transformation technology, today announced that the company has closed $90 million in financing from client vehicles advised by Goldman Sachs Asset Management Private Credit (“Goldman Sachs”). The flexible capital solution will be used to accelerate WSO2’s worldwide business expansion, drive growth of the company’s global partner network, and support rollout of its next-generation, cloud-native solutions for securely delivering APIs, applications, and digital services. The new solutions, powered by Ballerina, will offer a seamless blend of low code and pro code experience for enterprises and deliver the power of DevOps and modern SDLC practices including integrated reuse within the organization and beyond.

As enterprises worldwide advance their digital transformation initiatives, more employees are contributing to the development of new digital products and services that offer individualized experiences to users. This is driving the demand for more robust low-code approaches to improve employee productivity and create trusted, engaging customer experiences. WSO2 will use the funding from Goldman Sachs to deliver a new generation of platform-as-a-service offerings that democratize the adoption of its industry-leading cloud-native technologies for API management, integration, and customer identity and access management (CIAM).

“With more enterprises embracing digital business models, we’re seeing growing demand for our uniquely integrated approach to coupling best-in-class API management and integration with identity and access management,” said Dr. Sanjiva Weerawarana, WSO2 founder and CEO.