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 particular valuation.
“We are not disclosing the specific valuation, but it is north of $1 billion,” Nerdio chief income officer Joseph Landes informed 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 patrons that embody PayPal, Sony, and Comcast.
Nerdio targets corporations seeking to optimize their cloud infrastructure deployments and prices. With Nerdio Supervisor for Enterprise, the corporate helps companies handle Microsoft’s Azure Digital Desktop and Home windows purposes throughout their workforce. It automates lots of the duties associated to cloud infrastructure and digital desktop administration, comparable to user-provisioning, utility deployment, in addition to offering cost-optimization options like auto-scaling sources to match demand.
Digital desktops, for the uninitiated, are pc environments that run on distant servers as an alternative of bodily computer systems, permitting customers to entry all their apps, information, and configurations on any system through the web. Nerdio touts a extra fashionable cloud-native method to conventional legacy gamers comparable to 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 will securely entry all their work from wherever they’re.
“Managing cloud environments is complex and costly — it typically requires a lot of specialized technical expertise and a mix of costly, siloed tools,” Landes stated. “Nerdio provides a single, comprehensive platform that allows organizations to manage their Microsoft cloud environments without the need for extra skills, tools, or workflows.”
Before now, Nerdio had raised an $8 million Sequence A spherical in 2020, adopted by a $117 million Sequence 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 buyers, nevertheless it stated that the founders “retain a significant stake in the company.”
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 at the moment sits at 300 staff.
“We plan to grow that number significantly as we scale our global presence and build customer support and engineering teams,” Landes stated.
