Render Receives $50 Million Investment

Render announced that it has received 50 million dollars in an investment round led by Bessemer Venture Partners. The company plans to expand its team and accelerate its R&D efforts with the new investment. Render is the developer of a DevOps platform that enables developers to build and run applications in the cloud.

Also See: Rose Rocket Receives $38 Million Investment

Render will Accelerate R&D Studies

The platform aims to increase productivity by making modern cloud infrastructure accessible to application and front-end developers. Render allows developers to focus on building and rapidly publishing applications without the hassle of cloud infrastructure. The company removes the complexity of platforms like Amazon Web Services.

All developers need to do is connect a GitHub or GitLab repository and the company provides commands to build, host and run the application. There are more than 500,000 developers using Render's platform. The company's customer list includes Fortune 500 companies such as Watershed Technology Inc. and Red Bull GmbH. According to the company, developer registrations have increased by 900% in the past year, while revenue has grown by more than 400%.