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The tech investment arm of US banking giant Morgan Stanley has co-led a $140 million round into web infrastructure startup Platform.sh.
The Paris-based startup, which was founded in 2015, aims to reduce the complexity IT teams face when they launch new web apps. The company’s platform enables users to trial features in multiple languages and frameworks before they are released to the public.
Platform.sh cofounder Fred Plais, who previously set up Infloclic and Commerce Guys, said his new company had seen considerable growth at “every subsection” of its market.
“This has been driven by two major factors, the first is a well-documented factor and that is the coronavirus pandemic which accelerated rapid digitization,” he told Insider. “The second is the growing complexity of cloud and web infrastructure that all organizations must grapple with today.”
Plais also said the environmental cost of building out new apps had become a significant issue and that his company had developed a multi-cloud solution that used servers in regions with the lowers carbon impact. Platform.sh estimated this can reduce the carbon impact of similar workloads by up to 10 times.
The Series D round was led by Munich-based Digitial+Partners, Paris investor Revaia, and Morgan Stanley Expansion Capital. BGV, Eurazeo, Hiinov, Eurozeo, and Partech also joined the round.
The new capital will go towards product expansion and increased automation of the company’s platform, Plais added. The company is fully remote as it stands with 340 employees across 36 countries with the aim of bringing in another 100 staff by the end of 2022, particularly in Europe and the US. 
Check out Platform.sh’s pitch deck below:
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