DeviceVM, maker of the Splashtop instant-on environment, announced today a $15 million Series C round of funding led by venture capital firm New Enterprise Associates. Existing investors including Storm Ventures, DFJ Dragon, Tim Draper, and Larry Augustin also participated in this Series C investment, demonstrating continued commitment to DeviceVM’s growth.
“Splashtop is a game-changing product in the personal computing space,” said NEA partner Peter Sonsini, who previously led NEA’s investment in XenSource (acquired by Citrix Systems), and was an executive at VMware prior to joining NEA. “We are excited to invest in a revolutionary product and a team like DeviceVM.”
Warren Lazarow and Paul Sieben of O’Melveny & Myers LLP represented DeviceVM in the transaction.