Remote and hybrid working is the order of the day, and now a startup called AnyDesk Which helps it to pull off a smooth transition regardless of the structure of the company’s network, or where a person may be working — is announcing a $70 million round to fuel its growth. The Stuttgart-based company said the Series C is valued at more than $600 million.
General Atlantic is leading the round, in which existing investors Insight Partners, EQT Ventures and Potential Ventures are also participating.
Knowledge workers these days have a lot of choices when it comes to how they work: Apps and documents often live in the cloud and we often have fast connections to access them; and while virtualization was Estimated Used by only 30% of enterprises last year, it is projected to see an increase in adoption this year as the Covid-19-led digital transformation continues. Still, a lot is left on the table when it comes to offering workers solutions that work regardless of how organizations build, manage or invest in their IT architecture, or How good is the connectivity.
This is the big difference in the market where AnyDesk plays and has seen a lot of traction.
“The goal was that we wanted to create the smallest and smallest software that was easy for most people to use,” said Philipp Weiser, CEO and co-founder of AnyDesk. The company says that AnyDesk can operate on connections as low as 100 kbps and still play smooth graphics. “The tech community likes us because of the things we do.”
A little chronological about what AnyDesk is doing: not only is the software proprietary – ie closed source – but it embraces all the real shortcomings of today’s IT landscape, and it’s meant to meet everyone’s needs. . Many companies that either can’t or won’t buy into the concept of “digital transformation,” at least not enough to move their infrastructure to the cloud.
“For every move there is a counter move,” Weiser said, adding that for every company that invests in virtualization, there are instances where it may not work. “Manufacturing pipelines cannot move to the cloud. This poses some risk.” He also noted that in cases where the data has to, by law, reside in the same country, use AnyDesk as a way for people in remote locations to work with it. can be done, without using VPNs (which have their own latency and other reliability issues). In short, “the reality is always much more complicated,” he said.
And this has proven to be a big business for AnyDesk. Its software — which essentially lets people create a low-latency mirror of a connected device’s desktop on another machine (whether it’s a computer, phone, or whatever) — has been downloaded over 500 million times since it was installed in 2014. and on average it sees more than 900 million sessions each month “spanning” some 50 million miles. Its customer base is around 80,000 organizations including educational and government institutions, media companies, IT services and many other large enterprises.
Part of the allure of AnyDesk is the speed at which it works, but part of it is also how it’s priced: Individuals can use it for free, while business users start at around $10/month. You can buy services in different levels.
As you might have guessed, the growth of remote and hybrid working across the globe over the past 20 months has provided a major boost to AnyDesk’s business, providing a quick solution for many people who have unexpectedly found themselves Felt the need to log in and access your system remotely for the first time. Downloads actually doubled in the last year. But it was not entirely in a hurry. Weiser said that the architecture of how AnyDesk works actually makes it very secure to use — connections are encrypted, and users (and enterprises, when access is via a business plan) can customize security settings as well. can do.
But even if it’s a bit renegade, the plan will be to include VPN functionality for those who want it, and may even have plans to work within more established virtualization technology. Large providers of virtualization and remote services regularly reach out to AnyDesk, Weiser said, and you can see how it makes sense given what they’re already providing to customers, especially in more ad-hoc situations. Where virtualized access is not possible.
It is this flexibility, especially the fact that it is giving business users another option for services, that is a particular attraction for investors, as well as its traction in the market.
“AnyDesk is a strong example of the agile, forward-thinking companies that are shaping Germany on a massive scale. We believe in the company’s ability to create next-generation solutions that meet the needs of this new era of remote work. and are thrilled to support Philipp Weiser and the AnyDesk team as they continue to set new benchmarks for the industry,” said Achim Berg, operating partner at General Atlantic, in a statement. He is joining the board with this round.
“We were particularly impressed by the level of activity on a global scale based on a technology stack that is designed for a connected multi-platform, hybrid working environment world,” said Christian Feig, General Atlantic’s managing director. “We will support the company in advancing its offering to enterprise customers globally.”