Client Update: DeviceVM announces Series C Funding and Splashtop expansion
August 19th, 2008 by David
DeviceVM is a long standing client, and their product, Splashtop, is one we’re very proud to represent. Splashtop is a computer environment that’s embedded on various PC’s and other devices. The main value proposition is in getting users online REALLY fast. Seconds after hitting the power button you can be browsing the web, making Skype calls, IM’ing with friends, etc. It’s also a secure environment (being Linux-based there are very few viruses floating around that affect it), and has a very green component. Because it turns on and off so quickly, there’s no reason to leave it running 24 hours / day. (That’s what I do with my desktop PC at home. Shame on me.)
Today DeviceVM issued two press releases. One is regarding their newest product, the ASUS Eee Box, a desktop version of the wildly popular Eee PC, the low-cost, light-weight laptop. The Eee Box is the most recent product with embedded Splashtop, and their first desktop. It’s a “Nettop” computer, and perfect for Splashtop. (On ASUS products, Splashtop has been branded Express Gate.)
The other announcement revolves around funding. Splashtop has been a consumer hit, and DeviceVM is working with top tier OEM’s and PC manufacturers like ASUS and Hewlett Packard. DeviceVM can see that demand for Splashtop is growing worldwide, and they’re scaling up in tandem with that demand. As a result they’ve raised a series C round of funding, lead by New Enterprise Associates (NEA) with existing investors (like DFJ Dragon, Storm Ventures, Larry Augustin and others) also participating.
Coverage so far (will be updated throughout the day):
