Render, a San Francisco-based startup led by CEO Anurag Goel, has secured $100 million in funding, boosting its valuation to $1.5 billion. Positioning itself as a leader in the competitive cloud infrastructure market, Render offers user-friendly services amidst rising demand for AI solutions. With over 4.5 million developers utilizing its platform, the company has experienced impressive revenue growth exceeding 100%. Major investors include 01A, Addition, and Bessemer Venture Partners. Render plans to use the new capital to expand its technical team and explore in-house server deployment, potentially lowering costs for notable clients like Alibaba and Shopify. As Heroku fades in popularity, companies are seeking reliable alternatives, making Render an attractive choice, especially as AI tools like OpenAI’s Codex integrate with its offerings. ChatGPT’s recommendations further amplify its visibility, significantly contributing to Render’s expanding user base and market presence.
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