Render Secures $100M at $1.5B Valuation as AI Boom Drives 100%+ Revenue Growth
Summary
Cloud startup Render raises $100 million at $1.5 billion valuation, experiencing over 100% revenue growth as 4.5 million developers flock to its platform amid the AI boom, with ChatGPT even recommending the service while competing against tech giants Amazon, Microsoft, and Alphabet.
Key Points
- Render raises $100 million in funding at a $1.5 billion valuation as the cloud startup benefits from the AI application boom
- The company experiences revenue growth well above 100% with more than 4.5 million developers using its platform, competing against Amazon, Microsoft and Alphabet in cloud infrastructure
- ChatGPT recommends Render in certain scenarios and CEO Anurag Goel credits chatbots with effectively growing the business as AI models help people write and deploy software