SOURCE: Workspot

Workspot

October 20, 2016 10:00 ET

Workspot, Leader in VDI 2.0, Raises $6.2 Million in Series B Funding Led By Presidio Ventures

Funding Will Fuel Sales and Marketing Efforts to Accelerate Workspot's VDI 2.0 Solution

CUPERTINO, CA--(Marketwired - Oct 20, 2016) - Workspot (workspot.com), the leading provider of VDI 2.0, announced today they have closed $6.2 million in series B funding led by Presidio Ventures and additional funding from Follow[the]Seed, Helion, Translink, and WTI. Workspot's Virtual Desktop Infrastructure (VDI) 2.0 solution solves the corporate challenge of securely delivering apps, desktops, and data to mobile, Mac, and PC platforms. Workspot offers the world's first cloud-native VDI 2.0 architecture and, with infinite and instant scalability, allows IT organizations to perform enterprise class deployments in 60 minutes.

"This round of funding couldn't have come at a more opportune moment, as we've been experiencing tremendous growth," said Amitabh Sinha, CEO and Co-Founder at Workspot. "This past quarter alone, we grew our bookings by 500% across multiple verticals, including government, healthcare, and education. More than a quarter of our new opportunities were closed jointly with our new channel partners. We are also seeing a surge in interest from Managed Service Providers who want to use our scalable multi-tenant architecture to deliver Desktops as a Service to their customers. We're excited to continue growing and cultivating Workspot's reputation as the gold standard for VDI 2.0."

Workspot was recently named the Best of VMworld 2016 Gold Award Winner for Desktop and Application Delivery. The company has also announced partnerships with leading hyper-converged infrastructure vendors, including Nutanix, Hewlett Packard Enterprise, Scale Computing, and Atlantis Computing.

"Workspot's leading VDI 2.0 solution enables customers to rapidly deploy virtual desktops and applications to their end users," said Shaun Tanabe, Director of Venture Investment at Presidio Ventures. "In a world in which secure mobility and accessibility are critical to business success, Workspot demonstrates a proven ROI that fundamentally impacts a company's bottom line. We couldn't be more pleased to be partnering with Workspot's management to help drive the company's continued momentum."

"Knowing the challenges most enterprise companies face first hand, we decided to invest in Workspot -- the leader in the enterprise VDI market," said Ajoy Mallik, Founder and Managing Partner at Follow[the]Seed. "With excellent customer traction, a solid team and great existing investors, it is our privilege to be part of Workspot's growth story."

Ajoy Mallik from Follow[the]Seed, responsible for the deal, will continue to be the fund's point of contact locally as well as support Workspot's growth from the Bay Area, CA.

To learn more about Workspot and their robust VDI 2.0 solution, visit www.workspot.com.

About Presidio Ventures
Presidio Ventures, an early-stage investment vehicle of Sumitomo Corporation, brings a robust global portfolio, including a strong presence in Asian markets, and a focus on enterprise companies. Presidio Ventures has invested in 150 U.S. startups. For more information, please visit www.presidio-ventures.com.

About Workspot
Workspot is the leading provider of cloud-native VDI 2.0, offering the fastest and simplest solution for enterprise mobility and remote access. In 60 minutes, Workspot solves the corporate challenge of securely delivering apps, desktops and data to any device with a single frictionless user experience across mobile, Mac and PC platforms. Workspot connects users to all apps and data leveraging existing investments in the datacenter and without migrating data to the cloud. Based in Cupertino, California, Workspot was awarded the Best of VMworld 2016 Gold Award Winner for Desktop and Application Delivery solutions. For more information, visit www.workspot.com.

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