Render raises $100M at $1.5B valuation

Render has successfully raised $100 million in an extension of its Series C funding round, valuing the company at $1.5 billion, with significant contributions from major partners such as Georgian, Addition, Bessemer, General Catalyst, and 01A. This funding will support Render's rapid growth and its mission to build a modern cloud runtime specifically tailored for AI applications and agents, addressing the complexities of deploying and scaling such systems. Traditional infrastructure struggles to accommodate the stateful, long-running nature of AI applications, but Render's platform, with its native support for necessary features like long-running processes, private networking, and enterprise-grade databases, provides an integrated and frictionless solution. Thousands of AI companies, including Base44, have already adopted Render for its flexibility and reliability, and the company plans to enhance its platform with capabilities like durable workflows, native object storage, and unified observability to better serve the evolving needs of AI developers. Render aims to revolutionize cloud infrastructure for the next generation of builders, enabling them to bring innovative applications to market quickly and efficiently, while offering a seamless developer experience.