Nerdio, a platform designed to simplify how firms deploy and handle Microsoft cloud applied sciences, has raised $500 million in a Collection C spherical of funding.
The Chicago-based startup says its valuation has now quadrupled since its Collection B spherical two years in the past, and is now firmly in unicorn territory — although the corporate wouldn’t reveal a particular valuation.
“We aren’t disclosing the particular 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 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 firms trying 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, similar to user-provisioning, software 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 a substitute of bodily computer systems, permitting customers to entry all their apps, recordsdata, and configurations on any system by way of the web. Nerdio touts a extra trendy cloud-native strategy to conventional legacy gamers similar 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’ll securely entry all their work from wherever they’re.
“Managing cloud environments is advanced and dear — 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 further expertise, instruments, or workflows.”
Before now, Nerdio had raised an $8 million Collection A spherical in 2020, adopted by a $117 million Collection B tranche three years later. For its newest $500 million money injection, Nerdio has ushered in U.S. progress 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, but it surely stated that the founders “retain a big 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 at the moment sits at 300 workers.
“We plan to develop that quantity considerably as we scale our international presence and construct buyer help and engineering groups,” Landes stated.
