Nerdio, a cloud computing management startup, has raised a $500 million Series C led by General Atlantic.
Cloudtech and DevOps startups, which provide infrastructure and tools for enterprise clients making software and applications, have seen growing interest from investors amid the AI boom. The automation that AI has brought to cloud infrastructure process and application development has made these startups much more attractive to enterprise clients—and investors.
Nerdio confirmed the new transaction puts its valuation above $1 billion but declined to disclose more details. It previously raised a $117 million Series B in February 2022.
From 2020 to 2024, deal value for venture investments into cloudtech and DevOps startups increased 112%, with 2024 notching 456 deals generating $15.7 billion in value, according to PitchBook data.
Tines, a company using AI to automate workflows, raised a $125 million Series C in February, while Arize, which uses AI to test applications raised a $70 million Series C, also in February.
Nerdio was founded in 2020 when it spun out of Adar, an online backup systems company acquired by the private equity firm Stone-Goff Partners shortly after the spinout. The company helps businesses manage Microsoft cloud services, using AI to automate setup processes, optimize infrastructure and detect security abnormalities.
Featured image by JustSuper/Getty Images
Learn more about our editorial standards.
