Workspot, a Cupertino, California-based provider of cloud workspace applications, announced that it has successfully raised $6.2 million in a Series B funding round. This latest round was led by Presidio Ventures with participation from Follow[the]Seed, Helion, Translink, and WTI.
According to a company spokesperson, Workspot will primarily use the money from this latest funding round to expand operations and focus on rapidly accelerating their sales and marketing initiatives. To date, the company has raised a total of more than $21 million.
“This round of funding couldn’t have come at a more opportune moment, as we’ve been experiencing tremendous growth,” said Amitabh Sinha, CEO and Co-Founder at Workspot. “This past quarter alone, we grew our bookings by 500% across multiple verticals, including government, healthcare, and education. More than a quarter of our new opportunities were closed jointly with our new channel partners. We are also seeing a surge in interest from Managed Service Providers who want to use our scalable multi-tenant architecture to deliver Desktops as a Service to their customers. We’re excited to continue growing and cultivating Workspot’s reputation as the gold standard for VDI 2.0.”