Founded in 2006, Mashery has raised at least $34.7m across about five rounds from consortia including Cisco.

Intel, a US-listed chip company, has agreed to buy Mashery, a local applications management company backed by network equipment maker Cisco, for a reported $180m.

Founded in 2006, Mashery has raised at least $34.7m across about five rounds from consortia including angel investors, Cisco and venture capital firms OpenView Venture Partners, Formative Ventures, First Round Capital and 406 Ventures.