NeldioThis is a platform designed to simplify how companies deploy and manage Microsoft Cloud Technologies, which has raised $500 million in funding for the C Series.
The Chicago-based startup said it has now tripled its valuation since Series B two years ago and is now firmly on unicorn territory — although the company won’t disclose a specific valuation.
“We don’t disclose a specific valuation, but the $1 billion north,” Neldio’s chief revenue officer Joseph Landes told TechCrunch via email.
Nerdio stands out with Adar in 2020 with Adar’s “It-As-Service” company called Adar Belongs to private equity and Nerdio Forge a road As a dedicated cloud management service provider for customers including PayPal, Sony and Comcast.
Nerdio is targeted at companies looking to optimize their cloud infrastructure deployment and costs. and Nerdio Corporate Managerthe company helps business management Microsoft’s Azure Virtual Desktop and the labor force of Windows applications. It can automate many tasks related to cloud infrastructure and virtual desktop management, such as user provisioning, application deployment, and provide cost-optimized features such as automatically scaling resources to match requirements.
For beginners, a virtual desktop is a computer environment that runs on a remote server, not a physical computer, allowing users to access all applications, files, and configurations on any device over the Internet. Nerdio touts a more modern cloud-original approach to traditional old players For example CitrixThis began before the cloud computing revolution left.
This is especially relevant when millions of people embrace remote and hybrid work environments, as they have secure access to all work anywhere.
“Managing a cloud environment is complex and expensive – often requiring a lot of professional technical expertise and a combination of expensive orphan tools,” Landes said. “Nerdio offers a single, comprehensive platform that allows organizations to manage their Microsoft Cloud environment without the need for additional skills, tools or workflows.”
Prior to this, Nerdio raised $8 million in Series A in 2020, followed by $117 million Series B three points A few years later. For the latest $500 million cash injection, Nerdio welcomed U.S. growth equity firms along with Lead Edge Capital and Stepstone to usher in U.S. growth equity firms that have acquired minority stakes in the company.
Nerdio was unable to confirm the percentage of ownership among its approved investors, but it said the founders “retained significant shares of the company.”
Nerdio said it plans to use its investment to enhance its lineup of products in major Microsoft services including Azure Virtual Desktop, Windows 365 and Microsoft 365. The company also said it plans to strengthen its employees currently located at 300 employees.
“As we expand our global business and build our customer support and engineering teams, we plan to grow this number significantly,” Landes said.
