MSP end-user computing platform Nerdio is now a unicorn after receiving a $500m minority investment from General Atlantic, with participation from Lead Edge Capital and StepStone. Upon closing, the investment will quadruple Nerdio's valuation in just two years to over $1 billion.
Industry analysts project the desktop-as-a-service market will exceed $60 billion by 2037, growing by 18% annually, as organisations worldwide seek more efficient ways to deliver secure, high-performance digital workspaces to their employees.
Nerdio says it simplifies Microsoft cloud management, automating both routine and complex processes, while making the most of existing resources and enabling cost savings. The platform allows organisations to deliver better digital workspace experiences for employees, while eliminating the complexity typically associated with cloud infrastructure.
The Nerdio platform currently serves more than 5m end users across 15,000 customers in over 50 countries, including Chevron, Impact Networking, KraftHeinz, ASDA, Carnival Cruise Line, Willis Towers Watson, and Penn State University.
"The workplace has fundamentally changed, with remote and hybrid models becoming standard for organisations of all sizes," said Vadim Vladimirskiy, co-founder and CEO of Nerdio. "Most companies struggle with the technical complexities and costs of supporting this transformation. Nerdio's platform turns what would be months of engineering work into automated processes that any IT team can manage.
“This investment will accelerate our mission to make cloud management simple and cost-effective for every organisation, regardless of their technical resources."
The new funding will help accelerate product innovation across Windows 365, Azure Virtual Desktop, and Microsoft 365 management solutions to simplify IT operations and boost efficiency.
It will also help expand Nerdio’s global presence to serve growing international demand, and augment its engineering and customer success teams to support customer growth.
“Nerdio is enabling the transition of virtualisation to the cloud and is delivering immediate and measurable value to organisations struggling with cloud complexity,” said Aaron Goldman, managing director and head of enterprise technology at General Atlantic. “The team’s ability to combine technical innovation with ease of use has resulted in remarkable customer loyalty and growth.”
As part of the investment, General Atlantic will take two seats on Nerdio's board, with Goldman and Asher Hecht representing the firm.
Nerdio says it is hiring across all departments. The company is holding its annual customer and partner conference in Palm Springs, California at the beginning of April, and IT Europa will be there to bring you the latest developments from the firm.
