Neverware
Latest round
- Series A
Last raised
- Feb 2015
Total raised
- $9.3M
Investors
- 8
About Neverware
Founded in 2010 and headquartered in New York, US, Neverware, Inc. offers a platform that transforms older devices into modern computing systems. In December 2020, the company was acquired by Google Inc. as part of an expansion of its ChromeOS offerings. This strategic move enabled Neverware to leverage Google's extensive resources to enhance its service delivery.The core offering of Neverware is ChromeOS Flex, a modern, cloud-based operating system designed to enhance the performance and security of existing PCs and Macs. Released to facilitate the transition from traditional operating systems, ChromeOS Flex allows devices to boot in six seconds and operate with automatic background updates, ensuring consistent performance without slowdowns over time. It is designed for deployment via USB or network, and supports devices that are common within the last decade, although official support is limited to certified models. The target clients include businesses of all sizes looking to modernize their technology infrastructure while reducing electronic waste, with a significant environmental benefit estimated by converting thousands of devices.Neverware generates revenue through several structured transactions related to the ChromeOS Flex service. Clients may subscribe to management features via the Chrome Enterprise Upgrade or the Chrome Education Upgrade, enabling organizations to manage their devices through the Google Admin Console, where they can apply policies and receive support. The pricing structure includes both subscriptions for enterprise management and potential fees for additional services provided, ensuring a consistent revenue stream. While specific pricing details are not disclosed, the service is designed to alleviate the costs associated with maintaining older operating systems, as it offers a no-cost upgrade path for existing devices.With the recent acquisition by Google Inc. in December 2020, Neverware is poised to expand its product offerings and enter new markets. Future plans include the development of additional features within ChromeOS Flex to enhance user experience and functionality. The company aims to broaden its reach in North America, Europe, and Asia by targeting educational institutions and businesses looking to upgrade their technology infrastructure.
Who invested in Neverware
8 investors across 3 rounds
See all investors in Neverware
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about Neverware
Who invested in Neverware?
Neverware has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Neverware raised?
Neverware has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Neverware last raise money?
Neverware's most recent round on record is a Series A, in Feb 2015.
What does Neverware do?
Founded in 2010 and headquartered in New York, US, Neverware, Inc.
Where is Neverware headquartered?
Neverware is headquartered in New York, US.
Which VCs invest in companies like Neverware?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Neverware's stage. Their profiles are linked below.
VCs backing software startups at Series A
Raising like Neverware? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.