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Render raises $100M at $1.5B valuation

I'm thrilled to announce that Render has raised $100M in an extension of our Series C, valuing the company at $1.5B, as reported this morning by CNBC

Led by Georgian, who also led our Series C, the round includes strong participation from all our major partners, including Addition, Bessemer, General Catalyst, and 01A, and brings our total funding to $258M.

With 4.5 million+ developers now on Render and more than 250,000 new developers joining every month, Render has evolved into one of the fastest-growing developer platforms in the world, and this capital will help us support our customers and expand Render’s offerings during a period of unprecedented hypergrowth.

But this milestone isn’t just about scaling what exists; it’s about fueling the next frontier: building the cloud runtime for AI applications and agents.

Why this matters Software creation has fundamentally changed in the last few months. Code is abundant, and lean teams can conceive, build, and iterate on features instantly.

But while writing code has leaped into the future, the infrastructure for shipping and scaling it remains anchored in the past. The bottleneck is no longer human imagination or typing speed; it is the labyrinth of deployment, scaling, and reliability.

This problem is especially acute for AI applications and agents.

The natural home for AI builders Traditional web apps rely on short-lived, stateless request-response cycles. AI agents are the opposite: they are long-running, stateful, and distributed. They require unbounded execution times, complex memory management, persistent file systems, and durable workflows.

Building these systems on hyperscalers is complex and expensive, while frontend-focused serverless platforms are too limiting for this new execution model.

Render’s architecture is built for this new world. With native support for long-running processes, private networking, WebSockets, enterprise-grade Postgres and Redis, and infrastructure-as-code, Render already provides a frictionless foundation for AI.

This is why thousands of AI companies have already migrated to Render. A prime example is Base44, one of the world’s most popular AI-coding platforms. Here's what they have to say:

“ We've been able to deliver AI features much faster with a very lean engineering team, and Render’s flexibility and reliability have scaled to meet our rapidly evolving needs. After using their platform over the last year, I’m convinced Render is the future of the cloud. Their latest round gave me a chance to invest in their trajectory, and the opportunity was too good to pass up.

– Maor Shlomo, Founder of Base44