Laravel raises a $57M Series A from Accel
Laravel raised $57 million in Series A funding led by Accel to expand its team and develop Laravel Cloud, maintaining its commitment to open-source principles and existing products.
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Laravel has successfully raised $57 million in a Series A funding round led by Accel, as announced by CEO Taylor Otwell. This funding will enable Laravel to expand its engineering and leadership teams, facilitating the development of new products, including Laravel Cloud, which was showcased at Laracon. Otwell emphasized that he remains committed to leading Laravel and maintaining its open-source ethos, with additional engineering support dedicated to open-source projects. The funds will be used to scale the team, enhance Laravel Cloud, and continue improving the framework. Laravel Cloud aims to provide an affordable platform for deploying applications, featuring a free sandbox tier and low-cost compute options. The company plans to maintain its existing products, such as Forge and Vapor, while ensuring compliance with regulations like GDPR and SOC2. Otwell reassured the community that the funding will not alter Laravel's core mission and that he is dedicated to its success. Upcoming product releases include Inertia 2.0 and a free VS Code extension, with Laravel Cloud expected to launch early next year. The partnership with Accel is seen as a positive step for Laravel and the PHP ecosystem, highlighting the maturity and productivity of PHP as a development platform.
- Laravel raised $57 million in Series A funding from Accel.
- The funding will support the development of Laravel Cloud and enhance open-source efforts.
- Laravel Cloud will offer affordable deployment options for applications.
- The company remains committed to its existing products and open-source principles.
- Upcoming releases include Inertia 2.0 and a free VS Code extension.
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