Splashtop Inc., an emerging firm in next-generation remote access and remote support, has closed a $50m financing round that pushes its valuation beyond the $1bn unicorn level.
This financing round is led by Sapphire Ventures, alongside other long-time Splashtop investors include NEA, DFJ DragonFund, and Storm Ventures, a venture firm specialised in helping US and European startups accelerate their growth.
Splashtop currently works with 85% of Fortune 500 companies, including Disney, FedEx, General Electric, Marriott and Toyota,
Splashtop’s $1bn valuation validates its performance and drives further global expansion.
In 2020, Splashtop expanded its global reach, by making significant investments in Europe where the company opened its EMEA headquarters in Amsterdam.
“Splashtop also launched a Germany-based cloud data center, expanded its payments methods to support euro and GBP currencies, and also hired a local multilingual team to delight our customers even more,” said Alexander Draaijer, General Manager for Splashtop in EMEA.
In Asia, the company opened an APAC channel headquarters in Singapore, supporting hundreds of revenue-generating channel partners and built enterprise channels in multiple countries, including Japan.
“Our sustained profitability and growth—which accelerated during the COVID-19 pandemic—demonstrate that Splashtop’s modern approach to remote access is making a real difference in how, where and when people can use the digital resources they need to work, learn and be entertained, from anywhere,” said Mark Lee, co-founder, and CEO of Splashtop.
“We’re fundraising now at unicorn valuation to amplify our brand and momentum so we can attract new talent, expand our enterprise presence, and accelerate our global expansion to delight customers everywhere.”