Teradici Gets More Funding
Teradici Corp. just received
a round of "series C" funding that comes in at a tidy $17 million. It's a good sign for Teradici, and for the virtualization industry as a whole.
This isn't earth-shattering stuff, of course. Teradici is still a relatively minor player in the league, but I think they're poised for bigger things. The company makes PC-over-IP (PCoIP) hardware that dramatically speeds up remote desktop computing (Brian Madden did a recent video review of the product), which has obvious relevance to the virtual desktop infrastructure (VDI) explosion.
I would bet that Teradici's co-development deal with VMware had something to do with the amount of funding secured. For a relatively small company, $17 million is a lot of dough. "Series C" funding, for those unaware, is the final round of venture capital funding. It's for a company with shipping products that's looking to expand the reach of its business, including growing its sales staff and reaching out to overseas markets.
It's a safe bet that Teradici pointed to its collaboration with VMware to develop a software version of PCoIP as a primary example of its growth potential. Partnering with the biggest company in virtualization can go a long way toward opening the vault.
It also says something about the relative health of the virtualization industry that companies like Teradici can get significant cash infusions in the current economic conditions. VCs are confirming that market strength by putting their money where their mouths are.
Posted by Keith Ward on 04/13/2009 at 12:48 PM