Workspot, Inc. Secures $19 Million USD in a Series D Funding Round


(Campbell, CA) V.D.I. is the acronym for virtual desktop infrastructure.  Coincidentally, the term virtual desktop interface, is also, interchangeably used.  Irregardless of which, V.D.I. is a virtualization technique.  This virtualization technique enables access to a virtualized desktop computer.  The virtualized desktop computer, for the most part, is hosted on an internet cloud or similar type of service.  However and specifically; virtual desktop infrastructure (V.D.I.) is also a reference about the software, the hardware and the other types of resources that are required for the virtualization of the “virtualized desktop.”  A virtualized desktop can also be referred to as, a standard desktop system.  Workspot, Inc. is a business that, is leading the I.T. crowd of people, when it comes to V.D.I.  Recently, Workspot, Inc. announced that, it wishes to continue leading the I.T. crowd of people.  Specifically, the aforementioned business revealed that, it has secured $19 million USD in a Series D funding round.  Regrettably and as part of the announcement, the investors of this business were not revealed.  The latter, includes current investors who decided to re-invest, and, new noteworthy investors. 
            The unrevealed new noteworthy investors, along with, the current investors who decided to re-invest in Workspot, Inc., will be contributing funds.  The funds will be used for the following two things.  The two things are expansion and customer retention.  In reference to, expansion, the aforementioned is expanding through the allocation of additional funding.  Specifically; what is going to be expanded through funding is the sales, marketing and research and development efforts.  In reference to, customer retention, the aforementioned is based on the previous 12 months.  In the previous 12 months, there has been a 318% increase, in new customers.  For the customer retention task, the goal is also a net revenue retention rate of 171%. 
            However and returning to, Workspot, Inc. the aforementioned business has two headquarters offices.  The first office is located in Campbell, California U.S.A.  The second office is located in Telangana, the Country of India.  As an internet cloud native desktop as a service (DaaS), Workspot, Inc., delivers proprietary technology solutions to business clients.  Interestingly and as services, these proprietary technology solutions are considered to be, easy to use.  Additionally, they are made available on, or, as part of Microsoft Azure.  The desktop as a service, which Workspot, Inc. provides, is meant for Windows 10 PC computers, and, graphics processing unit (G.P.U.) workstations.  This way of doing things, increases the PC computer’s performance and productivity.  As a product or for the product services, it is a monthly subscription.  Even though this doesn’t sound like much, I.T. teams love this stuff. 
            To end, Workspot, Inc. did release a press statement.  Amitabh Sinha is the Chief Executive Officer of Workspot, Inc.  Through a press statement, Mr. Sinha said the following.  “We founded Workspot so customers can achieve business benefits way beyond what legacy VDI can provide.  The success our customers are realizing is fueling our growth.  The technology innovation and customer success model we introduced are bearing fruit in the best possible way:  helping our customers simplify IT infrastructure and gain business agility so they can do their best work.  We are very pleased that a combination of existing and new investors participated in this latest round of funding, enabling us to accelerate our growth.”  As previously stated, Workspot, Inc. recently announced that, it wishes to continue leading the I.T. crowd of people.  Specifically, the aforementioned business revealed that, it has secured $19 million USD in a Series D funding round.  Regrettably and as part of the announcement, the investors of this business were not revealed.  Lastly and the latter, includes current investors who decided to re-invest, and, new noteworthy investors. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
09/28/2019

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