Render, a leading modern cloud platform for application developers and teams, has successfully raised $50 million in its Series B funding round. The funding was led by Bessemer Venture Partners, with participation from Addition, General Catalyst, and the South Park Commons Fund.
The investment will fuel Render’s research and development efforts and drive the expansion of its state-of-the-art cloud platform. Render aims to empower developers and businesses to accelerate product delivery through its industry-leading developer experience, flexibility, and reliability.
Render has been at the forefront of making modern cloud technology accessible to application and front-end developers.
By providing a comprehensive suite of offerings, Render has emerged as a leader in the modern application development platform category. Its diverse clientele includes promising startups like Watershed and Fortune 500 companies like Red Bull.
Accelerating Growth and Customer Success
Render’s commitment to enhancing the productivity of software teams has resulted in significant growth and customer satisfaction. Over the past year, Render has experienced a remarkable surge in developer signups, with a staggering 900 percent annual increase.
The company now proudly serves over 500,000 developers, launching over two billion services on the Render platform. With its scalable and reliable infrastructure, Render handles over one billion monthly visits to websites and applications. Additionally, developers create approximately half a million new workloads on the platform every month.
Render’s focus on delivering an exceptional developer experience has been instrumental in its rapid customer and revenue growth. The platform offers a hassle-free infrastructure management experience, allowing developers to concentrate on their core tasks.
Render has consistently introduced new functionality to enhance the developer experience, including new hosting regions, SOC 2 compliance, and disaster recovery capabilities for its fully-managed PostgreSQL database.
Customer Success Story: Watershed
Render’s impact on its customers is best exemplified by Watershed, which considers Render a “superpower,” enabling them to focus on customer satisfaction rather than infrastructure management.
Watershed’s co-founder, Avi Itskovich, praises Render’s flexible platform, which has empowered its team to deliver features rapidly.
With the recent funding secured, Render is poised to build upon its success and further enhance its unified, modern cloud offering. The global Platform-as-a-Service (PaaS) market is projected to reach $139 billion in 2023, and Render’s cost-effective approach positions it as a compelling alternative to legacy PaaS solutions.
By providing substantial cost savings of up to 80 percent and ensuring faster and more secure application development, Render is well-positioned to capture a significant market share.
With a relentless focus on delivering an exceptional developer experience and driving customer success, Render remains committed to catering to the needs of developers and larger engineering teams.
As Render continues to innovate and expand, it solidifies its role as a key player in the fast-growing cloud platform market.