Startups

Ngrok, a service to help devs deploy sites, services and apps, raises $50M

Comment

Blockchain technology isometric concept. Computer farm mining cryptocurrency, digital money. Server racks in data center mine crypto currency, process big data consisting of chain of digital blocks.
Image Credits: Andrey Suslov / Getty Images

Ask Alan Shreve why he founded Ngrok, a service that helps developers share sites and apps running on their local machines or servers, and he’ll tell you it was to solve a tough-to-grok (pun fully intended) infrastructure problem he encountered while at Twilio. As an engineer there, Shreve was developing on webhooks — automated messages sent from apps when something happens — without an appropriately tailored development environment, which slowed the deployment process.

Ngrok was his solution. An open source package that grew into a distributed platform, Ngrok aims to collapse various networking technologies into a unified layer, letting developers deliver apps the same way regardless of whether they’re deployed to the public cloud, serverless platforms, their own data center or Internet of Things devices.

After being bootstrapped for seven years, Ngrok today announced that it raised $50 million in a Series A round led by Lightspeed Venture Partners, with participation from Coatue. Shreve tells TechCrunch that, with the fresh capital, Ngrok will grow operations and “make continued investments” to improve its core product offering.

“Developers tape together various open source projects, home-grown proxy layers and combine them with disparate services from cloud-specific vendors like Amazon Web Services, Microsoft Azure and Google Cloud Platform and content delivery networks like Cloudflare. Developers are required to configure unnecessarily low-layer networking resources like IPs, DNS, VPNs and firewalls to deliver their applications,” Shreve told TechCrunch in an email interview. “Ngrok allows developers to avoid that complexity.”

Ngrok acts as a “reverse proxy” for services and apps, fronting web services running in clouds or private networks or on a local dev machine. It gives developers internet access to private systems normally hidden behind a firewall, providing an internet-accessible address anyone can get to and linking the other side of the “tunnel” to functionality running locally.

Effectively, Ngrok adds connectivity, security and observability features to existing apps without requiring any code changes, including features like load balancing and encryption. With Ngrok, developers can deploy or test apps against a development backend, building demo websites without having to deploy them. Or they can access internet of things devices in the field, connecting to private-cloud software remotely.

“When developers build applications and APIs, they need to deliver them to customers on the internet. Ingress is the service that provides application delivery and makes your service available securely to its customers. Ngrok’s ingress is [an] application’s front door,” Shreve said. “The way developers build applications has fundamentally changed. Microservice architectures, serverless platforms and other shifts in the industry have led to a proliferation of new APIs and apps which need their own ingress in different environments.”

Indeed, Shreve appears to have grokked it (I’ll see myself out), growing Ngrok’s user base to five million developers — 30,000 of which are paying customers. Shreve wouldn’t disclose revenue figures, but he said that revenue “doubled” year-over-year thanks in part to well-paying clients like Databricks, Zendesk, Copado, Klaviyo and SonarSource.

Ngrok competes to a degree with startups like Tailscale, ZeroTier, Netmaker and Defined Networking’s Nebula — some of which are well funded. In May, Tailscale raised $100 million for its mesh networking technology that can be installed on a single server and used as a way to share software services.

But if Shreve is concerned, he wasn’t obvious about it.

“Most organizations manage 200 to 1,000 apps. At that scale, delivering apps more quickly moves the needle by keeping developers focused on solving real business problems and not dealing with networking complexities,” Shreve continued. “Ngrok’s API-first ingress-as-a-service platform enables developers to deliver faster by building on top of a single solution across all of these platforms.”

Lightspeed Venture Partners’ Guru Chahal added: “More developers are entering the industry and building more applications, most of which will be delivered over the internet as software-as-a-service services. Today, this involves a complex mix of networking and security technologies that is expensive, time-consuming to manage, and, quite frankly, does not scale … We invested in Ngrok because it is solving this challenge. Ngrok dramatically simplifies how apps are delivered over the internet to users. A developer can deliver their app to users in a secure and scalable manner with one click or a single line of code.”

Ngrok employs 59 people currently across its offices in San Francisco and Seattle and remotely. It’s actively hiring.

More TechCrunch

Charging has long been the Achilles’ heel of electric vehicles. One startup thinks it has a better way for apartment dwelling EV drivers to charge overnight.

Orange Charger thinks a $750 outlet will solve EV charging for apartment dwellers

So did investors laugh them out of the room when they explained how they wanted to replace Quickbooks? Kind of.

Embedded accounting startup Layer secures $2.3M toward goal of replacing Quickbooks

While an increasing number of companies are investing in AI, many are struggling to get AI-powered projects into production — much less delivering meaningful ROI. The challenges are many. But…

Weka raises $140M as the AI boom bolsters data platforms

PayHOA, a previously bootstrapped Kentucky-based startup that offers software for self-managed homeowner associations (HOAs), is an example of how real-world problems can translate into opportunity. It just raised a $27.5…

Meet PayHOA, a profitable and once-bootstrapped SaaS startup that just landed a $27.5M Series A

Restaurant365, which offers a restaurant management suite, has raised a hot $175M from ICONIQ Growth, KKR and L Catterton.

Restaurant365 orders in $175M at $1B+ valuation to supersize its food service software stack 

Venture firm Shilling has launched a €50M fund to support growth-stage startups in its own portfolio and to invest in startups everywhere else. 

Portuguese VC firm Shilling launches €50M opportunity fund to back growth-stage startups

Chang She, previously the VP of engineering at Tubi and a Cloudera veteran, has years of experience building data tooling and infrastructure. But when She began working in the AI…

LanceDB, which counts Midjourney as a customer, is building databases for multimodal AI

Trawa simplifies energy purchasing and management for SMEs by leveraging an AI-powered platform and downstream data from customers. 

Berlin-based trawa raises €10M to use AI to make buying renewable energy easier for SMEs

Lydia is splitting itself into two apps — Lydia for P2P payments and Sumeria for those looking for a mobile-first bank account.

Lydia, the French payments app with 8 million users, launches mobile banking app Sumeria

Cargo ships docking at a commercial port incur costs called “disbursements” and “port call expenses.” This might be port dues, towage, and pilotage fees. It’s a complex patchwork and all…

Shipping logistics startup Harbor Lab raises $16M Series A led by Atomico

AWS has confirmed its European “sovereign cloud” will go live by the end of 2025, enabling greater data residency for the region.

AWS confirms will launch European ‘sovereign cloud’ in Germany by 2025, plans €7.8B investment over 15 years

Go Digit, an Indian insurance startup, has raised $141 million from investors including Goldman Sachs, ADIA, and Morgan Stanley as part of its IPO.

Indian insurance startup Go Digit raises $141M from anchor investors ahead of IPO

Peakbridge intends to invest in between 16 and 20 companies, investing around $10 million in each company. It has made eight investments so far.

Food VC Peakbridge has new $187M fund to transform future of food, like lab-made cocoa

For over six decades, the nonprofit has been active in the financial services sector.

Accion’s new $152.5M fund will back financial institutions serving small businesses globally

Meta’s newest social network, Threads, is starting its own fact-checking program after piggybacking on Instagram and Facebook’s network for a few months.

Threads finally starts its own fact-checking program

Looking Glass makes trippy-looking mixed-reality screens that make things look 3D without the need of special glasses. Today, it launches a pair of new displays, including a 16-inch mode that…

Looking Glass launches new 3D displays

Replacing Sutskever is Jakub Pachocki, OpenAI’s director of research.

Ilya Sutskever, OpenAI co-founder and longtime chief scientist, departs

Intuitive Machines made history when it became the first private company to land a spacecraft on the moon, so it makes sense to adapt that tech for Mars.

Intuitive Machines wants to help NASA return samples from Mars

As Google revamps itself for the AI era, offering AI overviews within its search results, the company is introducing a new way to filter for just text-based links. With the…

Google adds ‘Web’ search filter for showing old-school text links as AI rolls out

Blue Origin’s New Shepard rocket will take a crew to suborbital space for the first time in nearly two years later this month, the company announced on Tuesday.  The NS-25…

Blue Origin to resume crewed New Shepard launches on May 19

This will enable developers to use the on-device model to power their own AI features.

Google is building its Gemini Nano AI model into Chrome on the desktop

It ran 110 minutes, but Google managed to reference AI a whopping 121 times during Google I/O 2024 (by its own count). CEO Sundar Pichai referenced the figure to wrap…

Google mentioned ‘AI’ 120+ times during its I/O keynote

Firebase Genkit is an open source framework that enables developers to quickly build AI into new and existing applications.

Google launches Firebase Genkit, a new open source framework for building AI-powered apps

In the coming months, Google says it will open up the Gemini Nano model to more developers.

Patreon and Grammarly are already experimenting with Gemini Nano, says Google

As part of the update, Reddit also launched a dedicated AMA tab within the web post composer.

Reddit introduces new tools for ‘Ask Me Anything,’ its Q&A feature

Here are quick hits of the biggest news from the keynote as they are announced.

Google I/O 2024: Here’s everything Google just announced

LearnLM is already powering features across Google products, including in YouTube, Google’s Gemini apps, Google Search and Google Classroom.

LearnLM is Google’s new family of AI models for education

The official launch comes almost a year after YouTube began experimenting with AI-generated quizzes on its mobile app. 

Google is bringing AI-generated quizzes to academic videos on YouTube

Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company.  Earlier this week, TechCrunch reported…

Motional cut about 550 employees, around 40%, in recent restructuring, sources say

The keynote kicks off at 10 a.m. PT on Tuesday and will offer glimpses into the latest versions of Android, Wear OS and Android TV.

Google I/O 2024: Watch all of the AI, Android reveals