Platform.sh Secures $140 million in Series D Funding

Platform.sh, a leading enterprise-grade platform-as-a-service (PaaS) provider for building, running, and scaling web applications, secured $140 million in Series D funding, led by Revaia, Digital+ Partners, and Morgan Stanley Expansion Capital. The funding aims to bolster Platform.sh's market position in North America, Europe, and Asia by expanding its team and accelerating product development both organically and through acquisitions. Founded in 2015 and based in Paris and San Francisco, Platform.sh employs 340 people across 36 countries and generates over $40 million in annual recurring revenue. The company is known for its commitment to sustainability, offering a 100% remote work environment and pursuing B Corp certification. The platform streamlines the complexities of web development by providing an end-to-end solution that enhances collaboration among distributed teams and significantly reduces cloud expenditure and carbon emissions. With a clientele that includes Adobe, Nestlé, and Unicef, Platform.sh's innovative approach has garnered recognition in the DevOps and PaaS markets, driving its ambition to become a global leader in green hosting and cloud infrastructure.