DeviceVM Announces Series C Funding of $15M, Led by New Enterprise Associates

Funding Rounds

▤ Summary

DeviceVM, a San Jose, CA-based company, and the maker of the award-winning Splashtop™ instant-on environment, announced today a $15 million Series C round of funding led by top venture capital firm New Enterprise Associates, Inc. (NEA). Existing investors including Storm Ventures, DFJ Dragon, Tim Draper, and Larry Augustin also participated in this Series C investment, demonstrating continued commitment to DeviceVMs growth. Since its founding in 1978, the firm has followed the same core principles: supporting its entrepreneurs, providing an excellent return to its limited partners, and practicing its profession with the highest standards and respect. With over $500 million under management, Storm Ventures focuses on seed and early stage information technology companies which best leverages our operational experience and global network. DFJ Dragon has since invested in twenty one companies, spanning diverse industries including clean technology, health care, Internet, mobile applications and semiconductors.

$ Funding

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Amount $15.0M Total raised
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Date August 19, 2008 Announcement date
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Investors Storm Ventures, New Enterprise Associates, New Enterprise Associates (NEA), Draper Associates, Draper Fisher Jurvetson, Draper Fisher Jurvetson DragonFund (DFJ DragonFund) Lead investors
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Company http://www.splashtop.com Funded company

▥ Classifications

industries
HealthTech
applications
Networking and Cloud

◇ AskAI Classifications

Labels
Remote Access Software IT Management Software Endpoint Management

▦ Linked Companies

Splashtop
$5M to $10M