Nerdio has completed of a funding round investment of $117 million from Updata Partners.

Nerdio’s Vadim Vladimirskiy

“Updata has a significant track record investing in and growing B2B SaaS companies,” said Vadim Vladimirskiy, CEO and co-founder, Nerdio. “Their unique expertise will meaningfully accelerate our journey in becoming the leading cloud and DaaS management platform for service providers and enterprises.”

Nerdio streamlines capabilities in Azure Virtual Desktop, Windows 365 and Microsoft Intune. It does this by delivering features to simplify management and ensure efficient operations. It also lowers compute and storage costs by up to 80% compared to unoptimized Azure environments, the company said.

A unique model, it’s 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 gives partners and organizations wiggle room for scaling and tweaking their DaaS approaches. Not only that, but they are able to equip employees with the right desktops and applications. 

Funding Round Goals

Nerdio’s Joseph Landes

“Since our Series A funding round in 2020, we’ve seen nothing but ‘up and to the right’ growth,” Joseph Landes, CRO at Nerdio, told Channel Futures. “[This is] largely due to the rapid adoption and ongoing innovation of our Nerdio manager products. As businesses come out of the pandemic, they have a new affinity for hybrid and remote work, cloud-delivered workspaces. This puts Nerdio in the perfect position to expand our business, and empower partners serving SMB and enterprises to do the same with theirs.”

Landes goes on to say that Updata is perfectly positioned to be Nerdio’s growth partner. 

“They see cloud-delivered desktops via Microsoft Azure to be a vibrant and growing market opportunity,” Landes continued. “[They] were inspired to invest based on our position in the market as together we look to capitalize on the growing interest around Azure and its related virtual desktop services. We look forward to our partnership as we continue to scale our team and business.”

Modernizing DaaS Initiatives

Carter Griffin, general partner, Updata, says that the equity company is excited to join Nerdio on its journey.

Updata’s Carter Griffin

“Their market traction to-date and the proven value they can provide organizations of every size and vertical has us extremely excited to join the board of directors and help Nerdio build upon their market-leading position,” said Griffin.

Nerdio has some pretty grand plans for 2023 and beyond. The company intends to more than double its headcount over the next year. The focus will be on expanding the company’s executive leadership. It will bulk up its sales staff and presence around the world, in addition to recent growth across the U.K., EMEA, Australia, New Zealand, India and Brazil.