The capital will be used to grow the team, develop the product offering, and scale globally.
"Every month over one million songs are released on Spotify which makes it hard for artists to cut through the noise. Major labels dominate the market by investing millions in their artists, leaving independent artists powerless and overshadowed."
The Y Combinator-backed open-source framework secured backing from M12, Samsung Next, Episode 1 and Cota Capital to scale its developer tooling.
"We see the mandate inside organisations to adopt serverless is coming from the top. The technical executives see serverless as a competitive advantage for their business. It’s the same market motion we saw several years ago when organisations moved from on-premise solutions to the cloud. This wasn’t a bottom up adoption, but rather a top-down approach. This same is now happening with serverless and it is our goal at Webiny to enable this new wave of infrastructure transformation."
QVentures backed the legal technology startup to support its growth in European and American markets.
"QVentures took the time to really understand our business and help set Semeris up for successful growth. The closing of this funding round will spearhead the expansion of our capital markets legal AI products into the US."