Tiger-Backed Kong Valued at $2 Billion in Latest Funding Round

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Kong Inc., a startup that helps customers manage application programming interfaces, was valued at $2 billion in an investment from firms such as Tiger Global Management.

The company attracted $175 million in the round, which was co-led by Tiger and Balderton Capital, according to a statement Tuesday. Existing investors, including Andreessen Horowitz, Index Ventures, Sapphire Ventures and CRV, also participated.