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 precise valuation, however it’s north of $1 billion,” Nerdio chief income officer Joseph Landes advised TechCrunch over e mail.
Nerdio spun out of an “IT-as-a-service” firm known as Adar again in 2020, with Adar falling below personal fairness possession and Nerdio forging a path as a devoted cloud administration service supplier for purchasers that embrace 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, resembling user-provisioning, software 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 a substitute of bodily computer systems, permitting customers to entry all their apps, information, and configurations on any machine through the web. Nerdio touts a extra fashionable cloud-native strategy to conventional legacy gamers resembling Citrix, which began out earlier than the cloud computing revolution had taken off.
That is significantly pertinent at a time when thousands and 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 advanced and expensive — it sometimes requires a variety of specialised technical experience and a mixture of pricey, siloed instruments,” Landes stated. “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 Sequence B tranche three years later. For its newest $500 million money injection, Nerdio has ushered in U.S. development fairness agency Normal Atlantic alongside Lead Edge Capital and Stepstone who’ve procured a minority stake within the firm.
Nerdio wouldn’t affirm what the possession percentages are throughout its swathe of buyers, however it stated that the founders “retain a major stake within the firm.”
Nerdio says that it plans to make use of its funding to boost its product lineup throughout key Microsoft providers together with Azure Digital Desktop, Home windows 365, and Microsoft 365. The corporate additionally says that it plans to bolster its headcount which at present sits at 300 staff.
“We plan to develop that quantity considerably as we scale our international presence and construct buyer assist and engineering groups,” Landes stated.
