Nerdio Secures $500M to Expand Azure Virtual Desktop Solutions
Nerdio raises $500M to expand its Azure Virtual Desktop solutions and global operations.
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Nerdio Secures $500M to Expand Azure Virtual Desktop Solutions
Nerdio, a platform designed to simplify how companies deploy and manage Microsoft cloud technologies, has raised $500 million in a Series C round of funding. Image:Nerdio The Chicago-based startup says its valuation has now quadrupled since its Series B round two years ago, and is now firmly in unicorn territory — though the company wouldn’t reveal a specific valuation. “We are not disclosing the specific valuation, but it is north of $1 billion,” Nerdio chief revenue officer Joseph Landes said. Nerdio spun out of an “IT-as-a-service” company called Adar back in 2020, with Adar falling under private equity ownership and Nerdio forging a path as a dedicated cloud management service provider for customers that include PayPal, Sony, and Comcast. Nerdio targets companies looking to optimize their cloud infrastructure deployments and costs. With Nerdio Manager for Enterprise, the company helps businesses manage Microsoft’s Azure Virtual Desktop and Windows applications across their workforce. …
