Nerdio, the AI-powered End-User Computing (EUC) pioneer for Microsoft cloud platforms, raised a $500 million minority investment from global growth investor General Atlantic. Lead Edge Capital and StepStone also joined in, solidifying Nerdio’s phenomenal expansion in the cloud management market.
With this investment, Nerdio’s value will jump well above $1 billion—a stunning four times increase in only two years. Nerdio’s ability to simplify complex cloud environments and reduce IT management expenses has fueled its growth, especially as more companies embrace flexible work models.
Market analysts predict that the Desktop-as-a-Service (DaaS) industry will grow to over $60 billion in 2037 at an annual rate of 18%. As companies seek secure, high-performance virtual environments, Nerdio has become a leading force by making Microsoft cloud management easy. The system automates common and complex IT processes, so businesses can maximize resource use and limit costs without requiring significant technical expertise.
Today, Nerdio hosts more than 5 million users on behalf of 15,000 customers in over 50 countries, including large companies such as Chevron, Kraft Heinz, and Carnival Cruise Line. Over the past year, the company has achieved notable milestones, including an 85% year-over-year growth in annual recurring revenue and recognition as the 2024 Microsoft Americas Partner of the Year. In addition, Nerdio impacted over $350 million of Microsoft revenue while introducing 20 product releases, improving Microsoft 365 management, and growing its international presence in EMEA and APAC.
According to Nerdio co-founder and CEO Vadim Vladimirskiy, organizations struggle with technical hurdles and the high costs associated with cloud migration. He also stated that Nerdio’s platform removes such barriers by transforming months of engineering work into automated processes that any IT team can complete. The firm is focused on accelerating its mission of reducing the cost of cloud management and making it easier with the General Atlantic backing.
The investment will fuel several strategic initiatives, including accelerated product development across Windows 365, Azure Virtual Desktop, and Microsoft 365. Nerdio will also invest in further building out its engineering and customer success organizations to fuel explosive growth while going global to accommodate rising demand.
General Atlantic Managing Director Aaron Goldman pointed to Nerdio’s influence on contemporary cloud virtualization. He cited the firm’s success in marrying technical innovation with simplicity to win impressive customer loyalty and consistent growth. General Atlantic principal Asher Hecht meanwhile described himself as thrilled to be backing Nerdio’s aspiration to bring sophisticated cloud workspace technology to organizations of every size.
In addition to the agreement, General Atlantic will obtain two board seats to further demonstrate its long-term investment in Nerdio. With strong capital backing, continued profitability, and an expanding global presence, Nerdio is set to grow while making cloud management even more efficient for enterprises and managed service providers worldwide.
