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Nerdio , a weapons platform designed to simplify how companies deploy and manage Microsoft cloud technologies , has bring up $ 500 million in a Series C round of funding .
The Chicago - base inauguration say its valuation has now quadrupled since its Series B round two old age ago and is now securely in unicorn territory — though the company would n’t give away a specific evaluation .
“ We are not disclosing the specific valuation , but it is north of $ 1 billion , ” Nerdio chief revenue officer Joseph Landes told TechCrunch over electronic mail .
Nerdio spun out of an “ IT - as - a - armed service ” ship’s company called Adar back in 2020 , with Adarfalling under secret fairness ownershipand Nerdioforging a pathas a dedicated cloud management service provider for customers that include PayPal , Sony , and Comcast .
Nerdio targets companies await to optimise their cloud substructure deployment and cost . WithNerdio Manager for Enterprise , the ship’s company helps businesses manageMicrosoft ’s Azure Virtual Desktopand Windows app across their manpower . It automates many of the tasks colligate to swarm infrastructure and practical desktop management , such as user - provisioning and software deployment , as well as providing cost - optimization feature like auto - scaling resources to couple demand .
practical desktop , for the uninitiated , are electronic computer environment that extend on remote server instead of physical computers , allowing user to access all their apps , file , and configurations on any machine via the internet . Nerdio blow a more modern cloud - aboriginal approaching to traditional legacy playerssuch as Citrix , which started out before the cloud computing revolution had taken off .
This is particularly pertinent at a meter when millions of citizenry have embraced remote and hybrid operate environments , as they can securely access all their study from wherever they are .
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“ manage swarm environments is complex and pricey — it typically require a spate of specialized technical expertise and a mix of high-priced , siloed tools , ” Landes said . “ Nerdio provides a single , comprehensive program that allow organizations to wangle their Microsoft cloud environments without the pauperism for superfluous acquirement , putz , or workflows . ”
Prior to now , Nerdio had raise an $ 8 million Series A round in 2020 , followed by a$117 million Series B tranchethree yr later . For its latest $ 500 million cash injectant , Nerdio has usher in U.S. growth equity firm General Atlantic alongside Lead Edge Capital and StepStone , which has procured a minority stake in the company .
Nerdio would n’t reassert what the possession percentages are across its swathe of investor , but it read that the founder “ retain a significant stake in the fellowship . ”
Nerdio enunciate that it plans to use its investing to enhance its mathematical product lineup across key Microsoft service , admit Azure Virtual Desktop , Windows 365 , and Microsoft 365 . The company also sound out that it plans to bolster up its headcount , which presently sits at 300 employees .
“ We design to farm that number importantly as we surmount our global mien and construct customer bread and butter and engineering teams , ” Landes suppose .
