The innovative remote desktop software provider Anydesk has announced a $70 million funding round to support its expansion. According to the Stuttgart-based business, the Series C valuation is higher than $600 million. The investment is being led by General Atlantic, with previous investors Insight Partners, EQT Ventures, and Possible Ventures also taking part.
This year, as the COVID-19-led digital transformation progresses, a boom in uptake is anticipated. AnyDesk fills this significant market gap and has experienced sizable growth. Further, the original aim of AnyDesk, according to CEO and co-founder Philipp Weiser, was to create the most user-friendly, compact software possible. Besides, according to the business, AnyDesk can operate with connections as slow as 100 kbps and yet render dynamic visuals.
What AnyDesk is doing has an antiquated feel, in addition to being proprietary. Additionally, it admits all the flaws in the current IT landscape and exists to serve requirements of various businesses. Meanwhile, Weiser noted that AnyDesk can be used as a mechanism for workers in faraway regions to work with data when it must, by law, live in a single nation, eliminating the need for VPNs.
And AnyDesk has discovered that it is a sizable source of income. Its popularity is evident through more than 500 million downloads and 900 million sessions every month. The speed at which AnyDesk operates is another factor in its appeal. Many users who suddenly found themselves having to log into and utilize their systems remotely for the first time could quickly find a solution, thanks to AnyDesk.
AnyDesk is a prime example of the innovative, adaptable businesses that are fundamentally changing Germany, according to General Atlantic. The firm is happy to support AnyDesk as they continue to establish new industry benchmarks. The investor is betting on the company’s capacity to develop cutting-edge solutions. These help address the demands of this new era of remote work.
Global and high-scale activities with a multi-platform and connected tech stack for hybrid environments impressed Christian Figge, the managing director of General Atlantic, in particular. Finally, they will help the company broaden its global offerings for corporate clients.