UK firm Nerdio has just completed a Series B round of $117 million led by growth equity company Updata Partners.
It says it will use the funds will to double its headcount and expand its presence into new regions following recent growth across UK, EMEA, Australia, New Zealand, India, and Brazil. Nerdio previously raised a $8 million Series A round in February 2020.
Nerdio's speciality is desktop-as-a-service. It targets companies that are looking to deploy virtual desktops that use Microsoft technologies such as Azure Virtual Desktop, Windows 365 and Intune.
It says that desktop-as-a-service can simplify management and lower compute and storage costs by up to 80 per cent compared to unoptimised Azure environments.
Nerdio is now gearing up for its annual partner conference, NerdioCon, which starts on February 27 in Cancun, Mexico.
Vadim Vladimirskiy, CEO and co-founder of Nerdio, said of the investment. "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.
“Their unique expertise will meaningfully accelerate our journey in becoming the leading cloud and DaaS management platform for service providers and enterprises."