Fundraising Fox

Stainless

New York, US Β· 10 known investors

stainless.com β†—

Stainless builds open-source standards and developer tools that combine GraphQL and gRPC capabilities with REST's simplicity, targeting API developers and platform builders. The company offers a suite of developer platform products designed to deliver high-quality API experiences.

Also known as Stainless API Β· Stainless Software

Developer Tools

Founders & leadership

ARAlex Rattray
Alex RattrayinFounder & CEO2022–2026

Investors Β· 10

Also in the syndicate Β· 6

Amit AgarwalAndreessen Horowitz (a16z) - Jennifer LileadClaire Hughes JohnsonMongoDB VenturesThe General PartnershipZapier

Funding

SEC filings, press & company announcements

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

Stainless is a New York-based developer-tools company that generates and maintains programming interfaces for APIs. Its platform takes a company's OpenAPI specification as input and produces idiomatic SDKs, API documentation, command-line tools, Model Context Protocol (MCP) servers and Terraform providers. Supported SDK targets listed on the company site include TypeScript, Python, Go, Java, Kotlin, Ruby, Terraform, C# and PHP. Stainless positions these outputs as serving both human developers and AI agents, on the premise that agent experience depends on the same qualities as developer experience.

Beyond one-time code generation, Stainless maintains the generated artifacts: as a customer's API evolves, the platform pushes updates, manages versioning and produces changelogs, which the company argues removes the need for dedicated full-time SDK maintenance engineers. Generation is available through a web-based Stainless Studio and through a CLI, with additional documentation, testing, launch and enterprise services.

The company describes its broader mission as building open-source standards and tools that bring the benefits of GraphQL (types, field selection and expansion, standards) and gRPC (types, speed, versioning) to the simplicity and ubiquity of REST, aiming to make a Stripe-quality API experience broadly available.

Founding story

Stainless was started in early 2022 by Alex Rattray, who serves as Founder/CEO. Rattray has written that while at Stripe he worked on API documentation and SDK tooling and observed that most companies could not afford world-class developer experience: the tooling either did not exist, the tradeoffs were painful, or generated code quality was inconsistent. The founding vision was to make it effortless for developers to work with APIs, beginning with an SDK generator that produced code developers would actually want to use.

Business model

Stainless sells a developer-platform product on a subscription basis. Companies connect their OpenAPI specification and Stainless generates and then continuously maintains the resulting SDKs, documentation, CLI, MCP server and Terraform provider, pushing updates, managing versioning and generating changelogs as the underlying API changes. Access is tiered: a free tier allows publishing a single SDK, while paid plans reported at the time of the Series A ranged from $250 per month to $30,000 per year, with enterprise features offered on top.

Subscription software revenue from tiered plans for SDK generation and related API tooling, with a free tier for a single SDK and paid plans reported between $250 per month and $30,000 per year, plus premium enterprise features. Approximately $1 million in annual recurring revenue was reported around the December 2024 Series A, at which point the business was described as nearly profitable.

Traction

By December 2024 the company reported approximately $1 million in ARR with about 20 employees and stated that SDKs for OpenAI, Anthropic, Meta's Llama models, Runway, Groq, Cerebras, LangChain, Braintrust, Writer, Cloudflare, Mux, Metronome, Modern Treasury, Orb and Lithic were powered by Stainless, with millions of AI developer downloads of Stainless-built SDKs per week. Cloudflare's API Platform Tech Lead stated that within a few months the company moved from inconsistent, manually maintained SDKs to automatically shipping over 1,000 endpoints across three language SDKs with hands-off updates. The company's team page lists roughly 28 named employees across engineering, product, sales, marketing and operations.

Latest developments

Stainless's website states that the company is joining Anthropic, describing the move as continuing its mission to make software better for everyone, with a linked announcement post. The current product positioning centers on interfaces for both developers and AI agents, including state-of-the-art MCP servers alongside SDKs and documentation generated from an OpenAPI spec.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Stainless is positioned as a supplier of SDK and API interface tooling to prominent AI model providers and developer platforms. Its published customer list includes OpenAI, Anthropic, Meta (Llama models and Llama Stack), Runway, Groq, Cerebras, LangChain, Braintrust and Writer among AI companies; Cloudflare and Mux among developer platforms; and Metronome, Modern Treasury, Orb and Lithic in fintech. The company reports that millions of AI developers download Stainless-built SDKs each week. Investors and advisors include figures associated with GraphQL, Vercel, Prisma, Segment and Linear, along with numerous current and former Stripe engineers and executives.

Stainless emphasizes the quality and idiomatic feel of generated code rather than raw code generation, describing attention to rich typing with autocomplete and inline documentation, automatic pagination and retry behavior, and language-specific tradeoffs so that output resembles handcrafted rather than machine-translated code. It also differentiates on ongoing maintenance β€” automated updates, versioning and changelogs as APIs change β€” and on breadth of artifacts derived from a single OpenAPI spec (SDKs, docs, CLI, MCP server, Terraform provider). Its founder cites direct experience leading API documentation and SDK tooling efforts at Stripe.

Technology

The platform is built around code generation from OpenAPI specifications. Stainless describes an OpenAPI-driven generation pipeline that emits idiomatic SDKs in nine listed languages/targets, API reference documentation and guides, CLIs, MCP servers and Terraform providers, with capabilities such as rich typing (autocomplete and inline docs), automatic pagination and retry handling, and continuous regeneration with versioning and changelog management. Third-party coverage characterizes the product as an AI-powered compiler that generates SDKs from APIs with minimal developer input. Access is via the Stainless Studio web interface and a CLI; documentation covers testing, publishing, enterprise features and security/dependency practices.

Go-to-market

Stainless markets primarily to API-first and developer-infrastructure companies through self-serve onboarding (web Studio quickstart, CLI quickstart, public documentation) combined with a sales motion; the team page lists a Head of Sales, a Customer Onboarding Lead, a Head of Marketing & DevRel, a Product Marketing Lead and customer engineers. Reference customers and third-party engineering write-ups, such as Cloudflare's account of automatically generating its Terraform provider, are used as public proof points.

Companies that expose public APIs and need high-quality client interfaces: AI model providers, developer infrastructure and platform companies, and API-first fintech businesses, including regulated sectors such as banking. Users within those customers are API platform teams, developer-experience engineers and, increasingly, AI agents consuming the generated interfaces.

Geography

Headquartered and based in New York City, with the team described in December 2024 as still fitting on a single floor in NYC. No other offices are described in the sources.

History

Stainless was started in early 2022 with the goal of making it effortless for developers to work with APIs. Its first product was the Stainless SDK generator. The company raised a $3.5 million seed round in April (reported alongside the later round) and announced a $25 million Series A on December 10, 2024, led by Jennifer Li at a16z with Sequoia and The General Partnership continuing, plus Felicis, Zapier, MongoDB Ventures and angel investors. The product line subsequently expanded beyond SDKs to documentation, MCP servers, CLIs and Terraform providers. Stainless has since announced that it is joining Anthropic.

Risks & controversies

The sources do not describe controversies. Notable structural considerations visible in the material: the company reported roughly $1 million in ARR at the time of a $25 million Series A, indicating early revenue scale relative to capital raised; customer concentration among a small set of AI model providers and developer platforms; dependence on customers' OpenAPI specifications as the input to all generated artifacts; and the announced move to join Anthropic, which changes the company's independent status and its relationship to a customer that is also a major AI model provider.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual recurring revenueDec 2024$1M
EmployeesDec 202420 people
Endpoints shipped for CloudflareDec 20241,000 endpoints
Supported SDK languagesJan 20259 languages

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 7

by search overlap
Anthropic107 shared keywordsAnthropic is an AI safety research company that builds reliable, interpretable, and steerable AI systems. The company conducts frontier AI research, applies safety techniques, and deploys systems through products and partnerships.
DataCamp95 shared keywordsDataCamp is a learning platform for teams that teaches data and AI skills through hands-on coursework accessible via web browser and mobile app. It serves enterprise customers and development teams seeking to build technical capabilities.
TrueFoundry81 shared keywordsTrueFoundry provides a unified platform for deploying, governing, scaling, and tracing agentic AI and LLM workloads, including an AI gateway, model hosting, fine-tuning, and observability. It targets enterprise engineering and data science teams that need to run AI models across cloud, on-prem, or air-gapped infrastructure with security and compliance controls.
Cloudflare Turnstile78 shared keywordsCloudflare provides a global cloud network platform delivering security, performance, and development services through sixty-plus integrated services including SASE, application security, and full-stack development infrastructure.
Speakeasy77 shared keywordsSpeakeasy provides an enterprise control plane for AI that lets companies securely manage and distribute MCP servers, skills, and AI assistants with fine-grained permissions, threat detection, and observability. It offers centralized governance, data-leak prevention, integrations with SaaS tools and identity providers, and usage analytics for organizations rolling out AI to their teams.
OpenAI74 shared keywordsOpenAI is an AI research and deployment company focused on developing artificial general intelligence (AGI) with emphasis on safety and beneficial outcomes for humanity.
Descope67 shared keywordsDescope is a no/low-code customer identity and access management (CIAM) platform that lets developers build authentication and user journeys using a drag-and-drop visual editor, SDKs, or REST APIs. It supports passwordless login, MFA, SSO, SCIM provisioning, fine-grained authorization, and identity federation for consumer, business, and internal applications.

Companies competing with Stainless for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 5

launches, deals, and filings
Jan 2025
Stainless announces it is joining Anthropic

Stainless states on its website that it is joining Anthropic, continuing its mission of making software better for everyone; an announcement post is linked from the homepage.

source β†—

Dec 2024
$25M Series A led by a16z

Stainless raised a $25 million Series A led by Jennifer Li at Andreessen Horowitz, with participation from Sequoia, The General Partnership, Felicis, Zapier, MongoDB Ventures and angel investors including Claire Hughes Johnson (former Stripe COO) and Amit Agarwal (Datadog President).

$25M source β†—

Apr 2024
$3.5M seed round

Prior to the Series A, Stainless raised $3.5 million in a seed round in April, according to a funding news write-up.

$3.5M source β†—

Jan 2024
Cloudflare Terraform provider generated with Stainless pipeline

Cloudflare published an article describing how its previously hand-maintained Terraform provider is now automatically generated via an OpenAPI code generation pipeline, with related API documentation site; Stainless features the article in its press section.

source β†—

Jan 2022
Launch of the Stainless SDK generator

Stainless launched its first product, an SDK generator that produces idiomatic SDKs from a company's OpenAPI spec.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Stainless do?
Stainless generates and maintains SDKs, docs, CLIs and MCP servers from a company's OpenAPI spec; it says it is joining Anthropic.
Who are Stainless's investors?
Stainless's investors include Andreessen Horowitz, Felicis Ventures, General Partnership, Sequoia Capital.
Where is Stainless headquartered?
Stainless is headquartered in New York, US.