Nerdio, a platform designed to simplify how corporations deploy and handle Microsoft cloud applied sciences, has raised $500 million in a Sequence C spherical of funding.
The Chicago-based startup says its valuation has now quadrupled since its Sequence B spherical two years in the past, and is now firmly in unicorn territory — although the corporate wouldn’t reveal a selected valuation.
“We aren’t disclosing the particular valuation, however it’s north of $1 billion,” Nerdio chief income officer Joseph Landes advised TechCrunch over electronic mail.
Nerdio spun out of an “IT-as-a-service” firm known as Adar again in 2020, with Adar falling under private equity ownership and Nerdio forging a path as a devoted cloud administration service supplier for purchasers that embody PayPal, Sony, and Comcast.
Nerdio targets corporations trying to optimize their cloud infrastructure deployments and prices. With Nerdio Manager for Enterprise, the corporate helps companies handle Microsoft’s Azure Virtual Desktop and Home windows purposes throughout their workforce. It automates lots of the duties associated to cloud infrastructure and digital desktop administration, similar to user-provisioning, utility deployment, in addition to offering cost-optimization options like auto-scaling assets to match demand.
Digital desktops, for the uninitiated, are laptop environments that run on distant servers as an alternative of bodily computer systems, permitting customers to entry all their apps, recordsdata, and configurations on any system through the web. Nerdio touts a extra trendy cloud-native method to conventional legacy gamers such as Citrix, which began out earlier than the cloud computing revolution had taken off.
That is notably pertinent at a time when tens of millions of individuals have embraced distant and hybrid working environments, as they’ll securely entry all their work from wherever they’re.
“Managing cloud environments is complicated and expensive — it sometimes requires numerous specialised technical experience and a mixture of pricey, siloed instruments,” Landes mentioned. “Nerdio gives a single, complete platform that enables organizations to handle their Microsoft cloud environments with out the necessity for additional expertise, instruments, or workflows.”
Before now, Nerdio had raised an $8 million Sequence A spherical in 2020, adopted by a $117 million Series B tranche three years later. For its newest $500 million money injection, Nerdio has ushered in U.S. progress fairness agency Common Atlantic alongside Lead Edge Capital and Stepstone who’ve procured a minority stake within the firm.
Nerdio wouldn’t verify what the possession percentages are throughout its swathe of traders, nevertheless it mentioned that the founders “retain a major stake within the firm.”
Nerdio says that it plans to make use of its funding to reinforce its product lineup throughout key Microsoft companies together with Azure Digital Desktop, Home windows 365, and Microsoft 365. The corporate additionally says that it plans to bolster its headcount which presently sits at 300 workers.
“We plan to develop that quantity considerably as we scale our world presence and construct buyer assist and engineering groups,” Landes mentioned.
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