# Remote.It

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/remote-it

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.remote.it
- Total disclosed funding: $3.3M
- Latest round: Seed (Aug 29, 2014)
- Investors on record: 12

## About

Remote.It, Inc. is a US-based company specializing in innovative network connectivity solutions, enabling secure remote access to devices and systems without traditional VPN setups.Remote.It, Inc. was founded in 2009 in Palo Alto, US, and focuses on providing remote access technology. The company has raised a total of USD 14.00 mn in funding, with the latest round conducted on January 17, 2023, where SoftBank Group Corp. was a prominent investor. The team behind Remote.It includes founders Doug Olkein and Mike Johnson, who have previous experience in technology ventures.Remote.It provides innovative solutions in network connectivity, specializing in remote access technology that allows users to connect securely to their networks without traditional VPN setups. Their offerings are particularly beneficial for businesses needing secure and efficient access from various locations, serving small to medium-sized enterprises, tech firms, and remote workers. The solutions are utilized in North America, Europe, and Asia, addressing the needs of a global workforce.The revenue model for Remote.It is primarily subscription-based, allowing clients to access network connectivity solutions across various pricing tiers. These subscriptions cater to individual users and enterprises, facilitating seamless connectivity and secure access. Remote.It’s structured pricing model enhances value by enabling customers to select plans that fit their connectivity needs.In January 2023, Remote.It, Inc. secured USD 14.00 mn in venture funding to support its growth initiatives. The company plans to expand its product offerings by developing new solutions designed for enhanced remote connectivity. Additionally, Remote.It aims to penetrate new geographic markets, with specific targets in Asia and Europe by 2024, leveraging its recent funding to fuel these expansion efforts.

## Funding rounds

- Seed, Aug 29, 2014, $2.3M — Compound Ventures, Tuesday Capital, TMT Investments, Core Ventures Group, Maxfield Capital, Alpine Meridian Ventures, Ironfire Ventures, Haystack, Big Basin Partners, Bonfire Ventures, HB Rama capital
- Seed, Apr 29, 2014 — Maxfield Capital
- Angel, Dec 20, 2012, $1M — Tuesday Capital, Passport Capital, Core Ventures Group

## Investors

- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Angel, Seed
- Passport Capital — Angel
- Core Ventures Group (https://capitalatlas.ai/funds/core-ventures-group) — Angel, Seed
- Maxfield Capital (https://capitalatlas.ai/funds/maxfield-capital) — Seed
- Compound Ventures (https://capitalatlas.ai/funds/compound-ventures) — Seed
- TMT Investments (https://capitalatlas.ai/funds/tmt-investments) — Seed
- Alpine Meridian Ventures (https://capitalatlas.ai/funds/alpine-meridian-ventures) — Seed
- Ironfire Ventures (https://capitalatlas.ai/funds/ironfire-ventures) — Seed
- Haystack (https://capitalatlas.ai/funds/haystack) — Seed
- Big Basin Partners (https://capitalatlas.ai/funds/big-basin-partners) — Seed
- Bonfire Ventures (https://capitalatlas.ai/funds/bonfire-ventures) — Seed
- HB Rama capital — Seed