Nerdio, a platform designed to simplify how corporations deploy and handle Microsoft cloud applied sciences, has raised $500 million in a Series C spherical of funding.
The Chicago-based startup says its valuation has now quadrupled since its Series B spherical two years in the past, and is now firmly in unicorn territory — although the corporate wouldn’t reveal a particular valuation.
“We are usually not disclosing the particular valuation, however it’s north of $1 billion,” Nerdio chief income officer Joseph Landes instructed TechCrunch over e mail.
Nerdio spun out of an “IT-as-a-service” firm referred to as Adar again in 2020, with Adar falling below non-public fairness possession and Nerdio forging a path as a devoted cloud administration service supplier for purchasers that embody PayPal, Sony, and Comcast.
Nerdio targets corporations seeking to optimize their cloud infrastructure deployments and prices. With Nerdio Manager for Enterprise, the corporate helps companies handle Microsoft’s Azure Virtual Desktop and Windows functions throughout their workforce. It automates most of the duties associated to cloud infrastructure and digital desktop administration, resembling user-provisioning, software deployment, in addition to offering cost-optimization options like auto-scaling assets to match demand.
Virtual desktops, for the uninitiated, are pc environments that run on distant servers as a substitute of bodily computer systems, permitting customers to entry all their apps, information, and configurations on any gadget through the web. Nerdio touts a extra trendy cloud-native strategy to conventional legacy gamers resembling Citrix, which began out earlier than the cloud computing revolution had taken off.
This is especially pertinent at a time when hundreds of thousands 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 dear — it sometimes requires a whole lot of specialised technical experience and a mixture of expensive, siloed instruments,” Landes mentioned. “Nerdio supplies a single, complete platform that permits organizations to handle their Microsoft cloud environments with out the necessity for further abilities, instruments, or workflows.”
Prior to now, Nerdio had raised an $8 million Series 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. development fairness agency General 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, but it surely 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 Virtual Desktop, Windows 365, and Microsoft 365. The firm additionally says that it plans to bolster its headcount which presently sits at 300 staff.
“We plan to develop that quantity considerably as we scale our world presence and construct buyer help and engineering groups,” Landes mentioned.
