Nokia acquired the world’s largest Application Programming Interface API hub and marketplace from the U.S. company Rapid to enhance its revenues from 5G and 4G networks. Nokia, like other telecom equipment manufacturers, is seeking ways to monetize its 5G technology and diversify its markets. The company aims to attract investments related to the growing field of artificial intelligence.
Nokia announced that it will acquire the technology and research development unit of the U.S. tech start-up. This will allow its clients to integrate their networks, manage their API usage, and collaborate with the platform’s developer community. APIs are strings of code that facilitate standardized communication, data exchange, and functionality between software components. When used on advanced 5G networks, APIs provide faster, safer, and more accurate access to data, such as a user’s location or connectivity status. Nokia did not disclose the financial details of the deal.
Indrani Priyadarshini is a journalist and editorial professional specialising in technology, artificial intelligence, smart cities, green energy, and digital transformation. With over four years of experience in tech journalism and digital media, she is known for turning complex industry developments into clear, engaging, and insightful stories. Her expertise spans reporting, editorial strategy, digital publishing workflows, and in-depth coverage of emerging technologies shaping the future. She has also conducted high-profile interviews and podcasts with industry leaders, bringing sharp analysis and accessible storytelling to a wide audience.
