TMCnet Feature
February 09, 2012

Cloud Desktop Company Nivio Secures $21 Million in Funding

By Erin Harrison, Executive Editor, Strategic Initiatives

On the heels of its U.S. launch at Macworld this week, cloud desktop company Nivio has secured $21 million in financing.

Company officials said the funding will help expand engineering efforts in Nivio’s Palo Alto (News - Alert), Calif. office and further rollout the cloud platform across Nivio’s operating regions in Europe, the Middle East, India and Australia. The company also has an office in Le Mont-Sur-Lausanne, Switzerland.

The funding round was completed by Videocon, an India-based $5 billion conglomerate, and AEC Partners, a boutique private equity firm in Kansas City with specialized holdings in telecommunications and technology.

“We are extremely happy to bring two new passionate investors into our team,” Sachin Dev Duggal, founder and “chief wizard” at Nivio, said in a company statement. “We’re also very proud that Nivio has successfully delivered seven-times the returns to some of our angels in this round. The support we’ve received from our angels over the last seven years has been unparalleled and without their support we would not have gotten this far.”

The additional funding comes at a time when the market for cloud desktop computing is rapidly expanding, Nivio officials said.

“With the surge in tablet adoption, millions of people need the freedom to use Microsoft (News - Alert) Windows, desktop apps and synchronized storage, working seamlessly across any screen,” Nivio officials said in a company statement.

Nivio is accessible from any iOS, Android (News - Alert), Mac, Windows or Linux device, including iPads, Android tablets, PCs and laptops. The company offers online storage, synching and sharing of data. The company provides Windows OS and desktop apps, which can be rented on a month-to-month basis.

Nivio’s App Store lets users rent regular desktop software on any screen, and the nDrive provides 10GB of free storage into which they drop their files and have them synced across their devices.

Last month, Nivio announced beta registration for a fully functional Windows desktop from the cloud. Users can access Nivio through a range of optimized, downloadable client applications or directly using HTML 5 browsers, including the Google (News - Alert) Chromebook.

Erin Harrison is Executive Editor, Strategic Initiatives, for TMC, where she oversees the company's strategic editorial initiatives, including the launch of several new print and online initiatives. She plays an active role in the print publications and TMCnet, covering IP communications, information technology and other related topics. To read more of Erin's articles, please visit her columnist page.

Edited by Jamie Epstein
» More TMCnet Feature Articles


» More TMCnet Feature Articles