Nerdio Raises $8 Million Series A to Boost Microsoft Azure Product and Automation Development into New Markets
CHICAGO--(BUSINESS WIRE)--Feb 11, 2020--
Today, Chicago-based Nerdio, the definitive Microsoft Azure automation solution for managed service providers (MSPs) and IT Professionals, revealed that it has secured an $8 million Series A round led by MK Capital and backed by Nerdio’s own CEO and co-founder, Vadim Vladimirskiy, and CRO, Joseph Landes. This investment round drives Nerdio’s product development and support for Microsoft Azure offerings, including Windows Virtual Desktop, while expanding operations and supporting the company’s growing base of channel partners.
“Public cloud adoption is on the rise. It’s not slowing down anytime soon, and neither are we,” Vladimirskiy said. “We have evolved alongside the cloud industry -- starting out as an MSP, offering a private cloud business and now being all-in on Azure. Nothing illustrates our commitment to the cloud, Microsoft, and our growing impact on both, more than this financial commitment to propel Nerdio’s path forward.”
The funding round marks a significant point of growth for the Chicago-based startup. The move is a key investment in Nerdio’s mission of empowering MSPs to build successful cloud practices in Microsoft Azure. The round will be used to further support Nerdio’s international expansion, add new ecosystem partnerships, continue to reinforce their industry-leading support offerings and roll out additional products and functionality supporting Windows Virtual Desktop in new ways and for new audiences.
“Since joining Nerdio from Microsoft, it has been such a pleasure to meet thousands of channel partners who are incredibly excited to partner with Nerdio to build a cloud practice in Microsoft Azure,” said Landes. “There is no other company who provides the energy, time, guidance, and support needed to make the move to Azure as seamless as possible. 2019 was just a warm-up in the channel for what we have planned in 2020 and beyond.”
“We have deep experience in the software and cloud infrastructure sectors; and interact with plenty of emerging and innovative startups in ITaaS, IaaS and DaaS – few of which are as impactful and impressive as Nerdio and their Nerdio for Azure offerings,” said Bret Maxwell, General Managing Partner at MK Capital. “Rarely do we have the chance to invest side-by-side with executive leaders like Vadim and Joseph who believe so strongly in their company’s mission and trajectory, which only strengthens our viewpoint that it is an incredibly exciting time to propel Nerdio’s growth forward.”
For more information about Nerdio, visit www.getnerdio.com.
Nerdio empowers Managed Service Providers (MSPs) to build and rapidly grow successful cloud practices in Microsoft Azure. Nerdio for Azure is the definitive Azure solution for MSPs that delivers easy deployment, packaging, pricing, ongoing management, cost-optimization, and security of IT environments. For more information, please visit www.getnerdio.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200211005155/en/
CONTACT: Ben Waring
KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: NETWORKS INTERNET DATA MANAGEMENT TECHNOLOGY SOFTWARE
Copyright Business Wire 2020.
PUB: 02/11/2020 09:30 AM/DISC: 02/11/2020 09:30 AM