Nerdio, a Chicago startup that helps companies move virtualized desktops to the cloud, landed a new round of funding this week.
The company announced Wednesday that it raised a $117 million Series B led by Updata, a big jump from the $8 million the company raised in Series A funding in 2020 that speaks to the startup's success and momentum in the marketplace, said Bret Maxwell of MK Capital, one of the investors in Nerdio.
Founded in 2016, Nerdio set out to help managed services providers (MSPs) build cloud practices in Microsoft. The startup works with IT services companies that want to help their small- and medium-sized customers adopt the public cloud. Enterprise IT professionals use the company’s software to enable their remote and hybrid work employees to use virtual desktops in the cloud.
“It helps them optimize costs, simplify it, make it faster, better and just make their job easier by enabling their employees to work remotely,” Nerdio CEO Vadim Vladimirskiy told Chicago Inno.
Vladimirskiy said the rise of remote work has given Nerdio the right product for the right audience at the right time.
“We launched a product for the enterprise audience in March 2020 and organizations across the world needed to work very quickly to get their employees to work from home and be productive,” he said.
Nerdio speeds up that process and ultimately optimizes the cost that an organization incurs while running in the cloud.
After doubling his head count to 100 in 2022, Vladimirskiy is looking to double his head count again in 2023, though he doesn't anticipate investing in new office space in Chicago in 2023.
“That’s not part of our current plan,” he said. “Maybe one day soon, maybe not.”
Nerdio’s last lease was up in November 2020, and an employee survey showed that there was strong consensus to keep working remotely.
