Cloud Platform Startup Render Closes $50M Series B Round
Led by Bessemer Venture Partners, Additional Investors Participate in the Funding Round
In a significant development for the cloud infrastructure space, startup Render has secured a $50 million series B funding round led by Bessemer Venture Partners. The investment also saw participation from existing investors General Catalyst, South Park Common Fund, and Addition, further solidifying their faith in the company’s mission.
The Need for Flexible Infrastructure
Unlike its competitors, Render aims to provide flexible, cheaper, and simpler infrastructure solutions for developers. By streamlining server setup, deployment, and scaling processes, Render enables developers to focus more on core product development, thereby reducing the overhead associated with managing complex infrastructure setups.
Growth and Customer Acquisition
Since its inception, Render has managed to onboard several prominent customers, including Watershed and Red Bull, both Fortune 500 companies. This success story highlights Render’s ability to cater to a diverse range of clients and handle their growing needs for scalable cloud infrastructure.
TechCrunch Startup Battlefield Win
In a notable achievement, the San Francisco-based startup won TechCrunch’s Startup Battlefield at TC Disrupt in 2019, further establishing its credibility in the market. The recent series B funding round has brought Render’s total raised to $77.5 million.
Plans for Future Development
According to CEO Anurag Goel, the funds from this round will be utilized to expand the platform to support larger engineering teams and double down on best-in-class workflow and tooling. This strategic direction underscores Render’s commitment to continuously improve its offerings to meet evolving customer needs.
Impact and Future Prospects
The investment in Render signifies a growing recognition of the need for more accessible, flexible cloud infrastructure solutions that cater to diverse client requirements. As Render continues on its growth trajectory, it is poised to make an even greater impact in the cloud computing sector.
About Render
Render is a DevOps cloud platform designed to simplify and streamline infrastructure management processes, allowing developers to focus on core product development rather than server setup, deployment, and scaling.
Investors Participating in the Round
The $50 million series B funding round saw participation from:
- Bessemer Venture Partners (Lead Investor)
- General Catalyst
- South Park Common Fund
- Addition
These investors have been part of Render’s journey since its inception, demonstrating their confidence in the company’s vision and growth prospects.
