DeviceVM earlier this week announced a $10 million strategic investment led by SAP Ventures, a division of SAP.
Current venture capital investors also participating in the round include Storm Ventures, DFJ Dragon, and New Enterprise Associates (NEA).
The additional funding will be used to fuel the growth of DeviceVM’s instant-on platform, Splashtop, further into the enterprise mobile market. The Splashtop instant-on platform which is pre-installed by most of the major PC vendors on their devices for the mobile enterprise user, addresses the needs of the “road warriors” of an enterprise by integrating Citrix and VMware clients to allow secure, instant access to remote virtualized desktops and applications and thereby reducing the risk of data theft.
DeviceVM delivers customized versions of Splashtop for the general mobile worker to support instant connectivity to Outlook email, calendar, contact, and tasks, as well as viewing and editing Microsoft Office 2003, 2007 and 2010 documents. All versions offer instant productivity without the need to boot-up Windows. Vendors shipping these features include Acer, Dell and HP.
DeviceVM expects to be profitable by the end of calendar year 2010.