Nerdio completes Series B $117M funding round with Updata Partners
Nerdio, the premier solution for organisations of all sizes looking to deploy virtual desktops leveraging native Microsoft technologies, has announced completion of a Series B funding round investment of $117 million by Updata Partners, a growth equity company.
"Updata has a significant track record investing in and growing B2B SaaS companies over the past 20 years and we are thrilled to be the newest addition to their portfolio," says Vadim Vladimirskiy, CEO and co-founder, Nerdio.
He continues, "Their unique expertise will meaningfully accelerate our journey in becoming the leading cloud and DaaS management platform for service providers and enterprises."
Nerdio adds value on top of the capabilities in Azure Virtual Desktop, Windows 365, and Microsoft Intune by delivering hundreds of features to simplify management, ensure efficient operations, and lower compute and storage costs by up to 80% compared to unoptimised Azure environments, the company states.
It is the only Azure management platform that allows admins to provision and manage deployments of both Azure Virtual Desktop and Windows 365 side-by-side. This allows partners and organisations flexibility for scaling and fine-tuning their DaaS approaches and equipping employees with the right desktops and applications, according to the company.
Carter Griffin, General Partner at Updata, comments, "We are incredibly excited to join Nerdio on their journey helping enterprise organisations and partners modernise their DaaS initiatives and delivery methods. Their market traction to-date and the proven value they can provide organisations of every size and vertical has us extremely excited to join the board of directors and help Nerdio build upon their market-leading position."
According to a statement, Nerdio plans to more than double its headcount over the next year with a strong focus on expanding the company's executive leadership. It will expand its sales staff and presence in even more countries in addition to recent growth across UK, EMEA, Australia, New Zealand, India, and Brazil.
Additionally, the company is gearing up for its annual partner conference, NerdioCon, taking place February 27-March 3, 2023, in Cancun, Mexico.
Hundreds of MSP and enterprise partners from around the world are expected to attend the event where Nerdio will share their product vision, roadmap and plans to significantly expand the opportunity for partners to build successful cloud practices on top of Microsoft technologies.
As part of the investment, Updata has been appointed to Nerdio's Board of Directors and will join existing members Gavriella Schuster, Microsoft's former Global Channel Chief; Andy Lees, another former top Microsoft executive who served as President and Corporate Vice President during his 23-year tenure; Bret Maxwell, Managing General Partner, MK Capital; and Vadim Vladimirskiy, Nerdio CEO and co-founder.
Nerdio previously raised a $8 million Series A round in February 2020 led by Vladimirskiy, MK Capital, and Joseph Landes, the company's Chief Revenue Officer and Co-founder.
