It claims to be much more than a mere API management service. The Boston, USA-based MachineShop recently emerged from stealth mode to help, as it put it, simplify and standardise the way organisations, individuals, applications and systems interact with each other in a hyper-connected world.
Unlike API management vendors, MachineShop said it had created hundreds of unique services that complement the wide range of APIs available from third parties, or those written by companies themselves. MachineShop’s APIs “uniquely normalise” interfaces to connected things and also include a rich set of business logic, event management and communications services that developers find valuable when building and integrating solutions. All of these are then exposed to customers through public or private Services Exchanges, which become a private API store of sorts. These Services Exchanges provide authenticated, metered and managed access to these discrete services regardless of who authored or hosts them.
The company said it was focused on the trillions of data transactions and interactions that were likely to occur through the Internet of Services. MachineShop said it married the ubiquitous adoption of APIs with the ever-growing number of connected systems and related data sources allowing developers and their applications to leverage standard, discrete, purpose-built services.
The company also announced that it raised US $3 million from strategic investors, its first outside capital. Until now the company was funded almost entirely through revenue. The three investors are CSR, Diebold, Incorporated and Xchanging plc, each of whom is a MachineShop customer or partner.
“There are few market opportunities that can be measured in trillions of transactions, but the Internet of Services is one of them,” said Michael Campbell, CEO, MachineShop. “Not only is the Internet of Services bigger than the sum of all the connected devices in the world, it’s more valuable financially to enterprises, developers, hardware vendors and ultimately to the consumers of all things connected.”
Image Credit: MachineShop
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