# Accel invests $57M into Laravel Products & Open-Source Framework

DevFeed: [Accel invests $57M into Laravel Products & Open-Source Framework](<https://devfeed.tech/articles/accel-invests-57m-into-laravel-products-open-source-framework-3573.md>)

Original publisher: [Read original article](<https://laravel.com/blog/accel-invests-57m-into-laravel>)

Author: Taylor Otwell

Published: 2024-09-05T11:49:00Z

Content type: release

Language: en

Sources: [Laravel Blog](<https://devfeed.tech/sources/laravel-blog.md>)

Topics: [Laravel](<https://devfeed.tech/topics/laravel.md>), [Open Source](<https://devfeed.tech/topics/open-source.md>), [Framework](<https://devfeed.tech/topics/framework.md>), [Cloud](<https://devfeed.tech/topics/cloud.md>), [web applications](<https://devfeed.tech/topics/web-applications.md>), [PHP](<https://devfeed.tech/topics/php.md>), [VS Code Extension](<https://devfeed.tech/topics/vscode-extension.md>)

Tags: [framework](<https://devfeed.tech/tags/framework.md>), [laravel](<https://devfeed.tech/tags/laravel.md>), [open-source](<https://devfeed.tech/tags/open-source.md>), [php](<https://devfeed.tech/tags/php.md>), [vercel](<https://devfeed.tech/tags/vercel.md>), [vs-code](<https://devfeed.tech/tags/vs-code.md>), [web](<https://devfeed.tech/tags/web.md>), [web-applications](<https://devfeed.tech/tags/web-applications.md>)

## AI overview

Laravel announces a $57 million Series A investment from Accel. Taylor Otwell remains CEO, while Laravel plans to expand its products and platform offerings, including Laravel Cloud, and strengthen engineering and leadership for Laravel and PHP applications.

## Source excerpt

Laravel took a $57M Series A investment from Accel, Taylor Otwell continues to lead as CEO, & Laravel is doubling down on building powerful products for Web Artisans.