Nokia has announced its acquisition of Rapid’s technology assets and research and development (R&D) unit, a strategic move aimed at bolstering Nokia’s network API solutions and its ecosystem. Through this acquisition, Nokia will integrate Rapid’s robust API hub technology, renowned for supporting thousands of developers worldwide, with its own Network as Code platform. This expansion will enable operators to monetize their 5G and 4G network assets by exposing network functions in a standardized, developer-friendly way, supporting the creation of innovative consumer, enterprise, and industrial applications.
Network operators globally are increasingly investing in API solutions to make their network assets accessible to developers, fueling the creation of new applications and services. Rapid’s API technology, coupled with Nokia’s existing platform, will provide operators with enhanced API lifecycle management, secure network integration, and improved API exposure control. This move aligns with Nokia’s strategic goals of driving API-related product development and fostering collaboration within its extensive ecosystem of partners, which already includes BT, DISH, Google Cloud, Infobip, Orange, Telefonica, and Telecom Argentina.
Since Nokia launched its Network as Code platform in 2023, it has rapidly gained traction, drawing interest from prominent partners worldwide. Now, with the addition of Rapid’s API solutions, Nokia aims to provide operators with a powerful API infrastructure and access to Rapid’s extensive developer network. Financial details of the acquisition remain undisclosed.
• Nokia acquires Rapid’s technology assets and R&D unit, enhancing network API solutions.
• Integration of Rapid’s API hub with Nokia’s Network as Code platform to support seamless network monetization.
• The deal aligns with Nokia’s mission to expand the network API ecosystem for 5G and 4G.
• Rapid’s developer community includes thousands globally, fostering collaboration with operators.
• Acquisition strengthens Nokia’s global partnerships in network API solutions.
“Operators need a bridge to connect to thousands of developers to drive enterprise and consumer value creation and monetize their networks,” said Raghav Sahgal, President of Cloud and Network Services at Nokia. “Rapid’s technology and talented R&D team, together with Nokia, will allow us to bring a robust API infrastructure platform to accelerate network API-related product development and drive adoption across its broad global developer community.”
- Rapid, formerly known as RapidAPI, is a San Francisco-based company founded in 2015 by Iddo Gino. The company has raised a total of $272 million over eight funding rounds, with its most recent Series D round in March 2022 securing $150 million and valuing the company at $1 billion. Notable investors include a16z, Green Bay Ventures, M12, and SoftBank Vision Fund.
