Netlify

Creators of “Jamstack,” a web development architecture based on JavaScript, APIs, and Markup (JAM), Netlify offers a platform for developers to build applications, websites, and ecommerce stores. The platform unites a number of modern web frameworks, serverless functions and edge computing into one platform. The company entered the serverless market in 2018 with the launch of serverless functions to enable developers to deploy front-end code and backend functions using a single repo and workflow.  

In January 2022,  Netlify acquired Quirrel, an open source platform for managing and scheduling serverless functions for an undisclosed amount, to utilize Quirrel’s technology to add a “Scheduled Functions” feature to its platform’s serverless capabilities. This feature would enable developers to run functions on a regular and consistent schedule by automating tasks such as backups and running reports. The company also announced that a beta version of Scheduled Functions would be available on the platform for free.

In February 2023, the company went on to acquire its competitor Gatsby , the creator of the “GatsbyJS” open-source framework for creating websites, for an undisclosed amount. The acquisition enabled Netlify to integrate Gatsby’s “Valhalla Content Hub”, a centralized data layer, into its own platform so users can access various data sources via a unified GraphQL application programming interface (API). Additionally, the company planned to invest in the Gatsby framework, and integrate many of the Gatsby Cloud features into the Netlify platform. In July, Netlify acquired Stackbit, a no-code platform to build and manage websites, for an undisclosed amount. The acquisition served to expand Netlify’s product portfolio and enable the company to offer Stackbit’s range of no-code tools and features for web development. 

In April 2022, the company released “Netlify Edge Functions,”  a tool that enables developers to build apps and create content on the edge of networks to public beta on its Netlify platform. The new tool offers a full-fledged runtime that can be used for edge rendering and a full runtime environment that enables developers to run serverless JavaScript/TypeScript functions and manage applications. Additionally, users can stream server rendered content, transform request and responses, perform A/B testing or OAuth authentication and support geolocation, localization, and globalization.

Key customers and partnerships 

As of November 2021, the company served over 2 million developers and its customer base included large corporations such as Unilever, Verizon, Peloton, and Twilio. 

Funding and financials 

In November 2021, Netlify raised USD 105 million in Series D funding at a valuation of USD 2 billion led by Bessemer Venture Partners to double its employee base of 200 employees within 2022.