To extend their global support for enterprises that want to scale fleets of websites and applications, Platform.sh has raised $140 million in Series D funding. A unified and secured platform for building, running and scaling web applications, Platform.sh employs 340 people across 36 countries and is available in Europe, the United States and Asia, through global partnerships with GCP, AWS, Azure, and OVHcloud.
Platform.sh will use the cash to expand its leadership position in Europe, the United States, and Asia by hiring additional personnel throughout the world to accomplish its expansion ambitions.
Platform.sh expects to utilize part of the proceeds to support future acquisitions to speed its organic product roll out, building on the acquisition of Blackfire in May 2021 that enabled the firm to accelerate its portfolio in application performance monitoring.
Existing investors BGV, Eurazeo, Hiinov, and Partech all re-invested in the round, led by Munich-based Digital+Partners, San Francisco-based Morgan Stanley Expansion Capital, and Paris-based Revaia.
Platform.sh, which was founded in 2015 and is now a member of the FrenchTech 120 for the third year in a row, employs 340 people in 36 countries and produces annual recurring revenue of more than $40 million. It has become one of the hottest software businesses to work for due to its dedication to a 100 percent remote workforce. the company is headquartered in Paris and San Francisco.
“When we launched Platform.sh, we wanted to build a very powerful cloud platform that simplifies the cloud experience for web developers, making sure they spend time on developing and zero time on cloud infrastructure,” said Fred Plais, CEO and Co-Founder of Platform.sh. “Our approach has quickly inspired global corporations to manage thousands of websites and applications efficiently and securely to help them make informed, greener decisions when hosting web apps. This latest round of funding will support us as we invest in third-party technology acquisition and continue to innovate.”
Remote Development Teams
Platform.sh is an end-to-end platform that allows businesses to develop, host, and expand a fleet of websites and webapps while eliminating the need for IT and cloud operations.
Platform.sh has achieved global success by alleviating the agony of developing websites and online apps. When it comes to designing, delivering, and managing web apps, digital teams have a lot of options, from which backend system to utilize to which framework and language to code in.
Platform.sh allows remote development teams, including external agencies, to build websites and online apps in a variety of languages and frameworks, allowing for seamless cooperation. Powerful automation would boost productivity and save quite some money on cloud expenses. Platform.sh’s server density may help businesses of all sizes cut their carbon footprints, and the company’s dedication to sustainable hosting has led them to pursue B Corp accreditation. As a consequence, Platform.sh’s responsible cloud platform and fleet management strategy has been embraced by big enterprises like Adobe and Nestlé, as well as smaller digital teams like Gault et Millau, Unicef, University of Missouri, and others throughout the world.
Investors’ Take
“We are honored to partner with Platform.sh and support their mission to help companies implement automated cloud infrastructure, while reducing the environmental impact of their digital operations,” said Morgan Kessous, Partner at Revaia. “The company screens as a leader in the DevOps and PaaS markets, and unlocks tremendous value for its customers as it provides developers a platform to deploy both safer and faster. We also share with Platform.sh’s team the conviction that Green Hosting is the next frontier in cloud infrastructure, and we are very enthusiastic to back a company with the highest levels of ambition and ethics.”
“We have been following Platform.sh’s journey for several years and are delighted to support Fred and his excellent team to become the global category leader for managing fleets of websites,” said Julian Mattes, Partner at Digital+ Partners. “The war for developer talent and the increasing complexity of DevOps tooling drives the strong demand in the website infrastructure market. We feel a strong connection to the team, the vision, and the values of Platform.sh to enable organizations to focus 100% of their time on building amazing experiences.”
“The website is core to the brand and customer experience, and as such, uptime, cross-functional collaboration, and rapid iteration is table stakes,” said Pete Chung, Partner at Morgan Stanley Expansion Capital. “Fred and the team at Platform.sh have built the market-leading platform to tackle these issues head-on and we look forward to partnering with the Company in its next phase of growth.”
