![]() "Our team has scaled from one to over fifty engineers on Render's flexible platform, and developers have been able to ship features to customers in hours or days instead of weeks or months. ![]() It lets us focus on what matters most: delighting our customers, rather than managing our infrastructure," said Avi Itskovich, Cofounder, Watershed. "Building on Render has been a superpower for Watershed. Developer signups on the platform increased by 900% annually, and revenue increased by 400% as Render continued its impressive launch cadence and introduced significant new functionality, including new hosting regions, SOC 2 compliance, and disaster recovery for its fully-managed PostgreSQL database. The company’s focus on developer experience has led to rapid growth in customers and revenue over the last year despite a slowing economic climate. Thanks to its scalable and reliable infrastructure, websites and applications on Render serve more than one billion monthly visits, and developers create half a million new workloads on the platform every month. The company has now grown to serve over 500,000 developers who have launched over two billion services on its modern cloud. Compared to legacy PaaS solutions like Salesforce Heroku, businesses save up to 80% on cloud bills by building on Render while making their applications faster and more secure. The global PaaS market is estimated at $139B in 2023 and is expected to grow 22% in 2024. I could not be more excited to partner with them on our journey." "Elliott and the Bessemer team possess a rare mix of cloud expertise, intellectual humility, and service mindset. ![]() Our vision and execution have predictably led to rapid business growth, and this round further validates our strategy of building an end-to-end cloud from the ground up," said Anurag Goel, Render’s founder and CEO. "From the start, we’ve focused on making software developers and teams radically more productive in the cloud by giving them the perfect combination of features, reliability, and user experience and eliminating their worries about managing infrastructure. Through its unique end-to-end offering, Render has defined the modern application development platform category and continues to lead the space, with customers ranging from leading startups like Watershed to Fortune 500 companies like Red Bull. From the beginning, the company has focused on making modern cloud technology accessible to application and frontend developers and improving the productivity of software teams building in the cloud. Render launched in 2019, winning TechCrunch Disrupt Battlefield the same year. The investment will allow the company to accelerate R&D hiring and expand its category-defining modern cloud to help developers and businesses ship products faster with industry-leading developer experience, flexibility, and reliability. The company also announced Bessemer’s Elliott Robinson and Addition’s Todd Arfman will join its board of directors. SAN FRANCISCO, June 20, 2023-( BUSINESS WIRE)- Render, the modern cloud for application developers and teams, today announced that it has raised $50M in Series B funding led by Bessemer Venture Partners with participation from existing investors Addition, General Catalyst, and the South Park Commons Fund. The company will use the new funding to expand its product suite for large software teams and to accelerate migrations from legacy platforms to Render
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