Netlify, a San Francisco, CA-based cloud computing company providing hosting and serverless backend services for static websites, raised $53m in Series C funding.
The round was led by the EQT Ventures Fund with participation from existing investors Andreessen Horowitz and Kleiner Perkins, as well as Preston-Werner Ventures. With this investment, Laura Yao, deal partner and investment advisor at EQT Ventures, also joined the Netlify Board of Directors.
The company intends to use the funds to accelerate the development and adoption of its web development platform and to accelerate partnerships with web agencies and technology partners in the web ecosystem.
Led by Mathias Biilmann, co-founder and CEO, Netlify provides 800,000 web developers and businesses with a platform featuring modern build workflows, serverless functions and a global Application Delivery Network to deliver performant, secure and scalable websites and applications. The company pioneered the JAMstack category, a modern web architecture that combines the best practices of static sites with the API economy and serverless functions to deliver fast load times and dynamic content.
The JAMstack architecture enables a wide variety of use cases including web applications, corporate marketing sites, e-commerce, media and publishing, open source documentation, and more, and companies across a wide range of industries are using Netlify including Citrix, Cornerstone OnDemand, Facebook, Flexport, Google, LiveChat, Loblaw, Victoria Beckham Beauty and Unilever.
Netlify, which has raised $97m to date, recently launched a suite of enterprise-grade products to support customers with a focus on developer team collaboration, high-performance build environments, uptime SLAs and premium support. Additionally, the company works closely alongside web development solution providers including AKQA and Proximity BBDO to help their clients use the JAMstack and Netlify.
FinSMEs
04/03/2020