Splashtop delivers cloud-based, managed remote access and remote support software and services for enterprises, academic and research institutions, government agencies, small businesses, MSPs, IT departments, and individuals. Its next-generation approach aims to replace legacy virtual private networks (VPNs) and the company reports deployment across 85% of Fortune 500 enterprises. Splashtop supports more than 30 million users and over 800 million sessions globally. Founded in 2006 and led by CEO Mark Lee, the company began becoming profitable in 2015. Splashtop intends to use new funding to accelerate global expansion by amplifying its brand, attracting talent, and expanding its enterprise presence. The product and go-to-market focus target enterprise and IT use cases across a broad customer base. Splashtop delivers cloud-based remote access and remote support software and services for enterprises, academic and research institutions, government agencies, small businesses, MSPs, IT departments, and individuals. The company is led by co-founder and CEO Mark Lee and is headquartered in San Jose, Calif. Splashtop reports working with 85% of Fortune 500 companies, including customers such as Disney, FedEx, General Electric, Marriott and Toyota. The product portfolio focuses on next-generation remote access and remote support for a broad range of organizational needs. In January 2021 Splashtop closed a $50M financing round, a transaction that pushed the company’s valuation beyond $1 billion. The funding strengthens the company’s financial position and validates its deployment at large enterprise customers. DeviceVM, founded in 2006 and based in San Jose, CA, develops Splashtop, an instant‑on platform that lets users search and surf the web, access e‑mail, and chat in seconds without booting Windows. The company positions Splashtop for employees working "on the road" and plans to accelerate its growth into the enterprise mobile market. Splashtop is currently available across 400 models of netbooks, notebooks, motherboards, and desktops from manufacturers including Acer, ASUS, Dell, HP, Lenovo, LG and Sony. DeviceVM operates offices in Beijing, Hangzhou, Shanghai and Taipei. The company received additional funding to support expansion of Splashtop into enterprise customers. No revenue or user metrics were disclosed in the article. DeviceVM’s core product, Splashtop, is an instant-on software preinstalled on PCs and motherboards that lets users check email, chat and browse the web while a machine boots. The company is based in San Jose, Calif. Splashtop has already shipped on millions of ASUS computers, and HP will be including the software in some of its notebooks soon. DeviceVM has received positive press and awards and counts several high-profile individual investors among its backers. Financially, the company has raised multiple rounds totaling about $36 million to date. Earlier this year it took $1 million from Merus Capital. DeviceVM makes Splashtop, an instant-boot software that lets users check email, chat and surf the web within seconds of powering on their computer. Splashtop is built into motherboard firmware and is available on ASUS desktop PCs running Windows or Linux, with ASUS planning to introduce it on laptops. The company is aiming for wider preinstallation deals with other PC manufacturers around the world to broaden distribution. DeviceVM is based in San Jose, Calif. Prior to the Merus investment the company had raised two rounds of venture funding totaling around $21 million. Larry Augustin has joined DeviceVM's board of directors. DeviceVM hopes its new investor, Merus Capital, can use manufacturer connections to get Splashtop more widely distributed.

Total raised

$91M

Funding rounds

5

Latest round

Equity

Latest activity

Mar 2021