Nerdio, a platform designed to simplify how corporations deploy and organize Microsoft cloud applied sciences, has raised $500 million in a Sequence C spherical of investment.
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 — regardless that the corporate wouldn’t divulge a particular valuation.
“We don’t seem to be disclosing the precise valuation, however it’s north of $1 billion,” Nerdio leader income officer Joseph Landes informed Techmim over electronic mail.
Nerdio spun out of an “IT-as-a-service” corporate known as Adar again in 2020, with Adar falling beneath personal fairness possession and Nerdio forging a trail as a devoted cloud control provider supplier for purchasers that come with PayPal, Sony, and Comcast.
Nerdio goals corporations taking a look to optimize their cloud infrastructure deployments and prices. With Nerdio Supervisor for Undertaking, the corporate is helping companies organize Microsoft’s Azure Digital Desktop and Home windows programs throughout their staff. It automates most of the duties associated with cloud infrastructure and digital desktop control, akin to user-provisioning, utility deployment, in addition to offering cost-optimization options like auto-scaling sources to compare call for.
Digital desktops, for the uninitiated, are pc environments that run on far flung servers as an alternative of bodily computer systems, permitting customers to get right of entry to all their apps, recordsdata, and configurations on any tool by the use of the web. Nerdio touts a extra fashionable cloud-native strategy to conventional legacy avid gamers akin to Citrix, which began out ahead of the cloud computing revolution had taken off.
That is in particular pertinent at a time when tens of millions of other people have embraced far flung and hybrid operating environments, as they are able to securely get right of entry to all their paintings from anywhere they’re.
“Managing cloud environments is advanced and dear — it normally calls for a large number of specialised technical experience and a mixture of pricey, siloed equipment,” Landes mentioned. “Nerdio supplies a unmarried, complete platform that permits organizations to regulate their Microsoft cloud environments with out the desire for added talents, equipment, or workflows.”
Previously, Nerdio had raised an $8 million Sequence A spherical in 2020, adopted by way of a $117 million Sequence B tranche 3 years later. For its newest $500 million money injection, Nerdio has ushered in U.S. expansion fairness company Basic Atlantic along Lead Edge Capital and Stepstone who’ve procured a minority stake within the corporate.
Nerdio wouldn’t verify what the possession percentages are throughout its swathe of traders, however it mentioned that the founders “retain an important stake within the corporate.”
Nerdio says that it plans to make use of its funding to toughen its product lineup throughout key Microsoft services and products together with Azure Digital Desktop, Home windows 365, and Microsoft 365. The corporate additionally says that it plans to strengthen its headcount which recently sits at 300 staff.
“We plan to develop that quantity considerably as we scale our international presence and construct buyer give a boost to and engineering groups,” Landes mentioned.
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