RapidAPI has announced two significant updates: a $25 million Series B funding round led by M12, Microsoft's Venture Fund, and the launch of RapidAPI for Teams, a feature designed to enhance collaboration on internal APIs and microservices. The funding round, joined by DNS Capital and existing investors such as Andreessen Horowitz, aims to support RapidAPI's growth and strengthen its partnership with Microsoft, which has contributed Azure APIs to RapidAPI's Marketplace. RapidAPI for Teams addresses challenges faced by engineering organizations using microservices, such as discovering, sharing, and managing internal APIs, by providing a platform for teams to efficiently collaborate and streamline API usage and documentation. This initiative is part of RapidAPI's broader mission to empower developers by enabling them to create transformative software using APIs.