AAA Netlify tastes the high life with $30m

Netlify tastes the high life with $30m

Netlify, the US-based web application delivery network developer backed by media group Bloomberg, has secured $30m in a funding round led by venture capital firm Kleiner Perkins.

VC firm Andreessen Horowitz also participated in the round, as did unnamed founders of tech companies Slack, Yelp, GitHub and Figma.

Netlify has built a delivery network on which developers can create web applications and content without requiring servers.

Mathias Biilmann, founder and CEO of Netlify, said: “The cloud made it faster, easier and cheaper to provision servers, [vendor management systems] and containers. But more devices always bring more complications.

“Customers have come to us with [Amazon Web Services] environments that have dozens or even hundreds of them for a single application. Our goal is to remove the requirement for those servers completely. We are not trying to make managing infrastructure easy. We want to make it totally unnecessary.”

Bloomberg’s corporate venturing unit, Bloomberg Beta, joined VC firm Tank Hill Ventures to provide $2.1m of seed capital for Netlify in 2016.

Both seed investors returned for the company’s $12m series A round in August 2017, which was led by Andreessen Horowitz and also backed by Designer Fund.

By Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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