Platform.sh raises $140 million to help developers build web services more efficiently

Platform.sh SAS, which provides a popular platform for building websites and cloud applications, today announced that it has secured a $140 million investment to support growth initiatives.

The investment was led by Digital Partners with participation from half a dozen others, including Morgan Stanley Expansion Capital. Platform.sh’s total external funding now stands at $187 million.

Building a cloud website or app involves more than just writing code. Developers must also set up the infrastructure on which the service they are building will run. In addition, they must deploy a database to store the data generated by the service and, after it is deployed in production, regularly release updates to meet new user needs that emerge over time.

Platform.sh’s namesake platform promises to make developers’ jobs easier. To simplify infrastructure management, the platform includes an auto-scaling tool that automatically increases or decreases the amount of hardware provisioned for an application as requirements change. To help with data management, Platform.sh offers a feature it says lets developers connect a database to an application with a few lines of code.

The startup also aims to simplify software maintenance. Before releasing a software update to production, developers scan it for code issues such as security vulnerabilities. Platform.sh automates parts of the job and, once an update is deployed to production, helps developers ensure that it runs as expected.

For more measure, the platform allows software teams to create a copy of a production application and use it to test code changes before deploying them. Creating a copy of an application for testing purposes can be a tedious task, as many software and infrastructure components are involved. According to Platform.sh, its platform automates much of the manual work involved in the process.

“With Platform.sh, all components are managed, secure, and compliant with compliance frameworks (think SOC2, PCI-DSS, GDPR),” wrote Platform.sh co-founder and CEO Fred Plais. blog post. “Databases are also managed, and the application benefits from monitoring and observability.”

More than 5,000 organizations have adopted Platform.sh’s platform since the startup launched in 2015. Its customer base includes large enterprises such as Adobe Inc. and Nestlé SA. Tech Crunch reported today, Platform.sh currently generates $45 million in recurring revenue, which is a 50% increase over last year.

Through its latest funding round, the startup plans to grow its workforce from 340 employees today to more than 600 by 2025. Another portion of the capital raised in the round will go to acquisitions. At the same time, Platform.sh will add more automation features to its platform to help businesses optimize their applications.

“We are focused on cloud density and will continue to build automated efficiencies that allow the same unmodified workload to consume as few resources as possible, while maintaining the same performance characteristics,” Plais said.

Image: Platform.sh

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