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title: ngrok Raises $50M for Ingress Without Infrastructure
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# ngrok Raises $50M for Ingress Without Infrastructure

**[ngrok Blog](https://daily.dev/sources/ngrok)** · 4 min read · 0 upvotes · 0 comments

## Summary

ngrok announced its first-ever fundraising round of $50 million, led by Lightspeed Venture Partners with participation from Coatue Management, after operating for nearly a decade funded entirely by customer revenue. The company plans to use the capital to scale its business and expand its 'ingress-as-a-service' platform, which lets developers declare ingress configuration directly in their apps rather than managing ports, IPs, DNS, and firewalls. Earlier in the year, ngrok launched Cloud Edge, Secure Tunnels, and an API-first programmable platform, and teased more product releases coming in January.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://ngrok.com/blog/ngrok-raises-50m-for-ingress-as-a-service>

## Questions this post answers

### How much funding did ngrok raise in its first round and who led it?

ngrok raised $50 million in its first-ever fundraising round, led by Lightspeed Venture Partners with participation from Coatue Management. Before this round, the company had been funded entirely by customer revenue since its founding in 2013, growing organically through word of mouth to over 5 million developers.

_Developers tracking infrastructure funding trends can follow ingress and networking tool news on daily.dev._

---

Tags: [#devtools](https://daily.dev/tags/devtools), [#venture-capital](https://daily.dev/tags/venture-capital), [#networking](https://daily.dev/tags/networking), [#api-gateway](https://daily.dev/tags/api-gateway)

[View this post on daily.dev](https://daily.dev/posts/ngrok-raises-50m-for-ingress-without-infrastructure-xkpb187bj)

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