# Workspot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/workspot

- Industry: Software
- Headquarters: Campbell, US
- Website: www.workspot.com
- Total disclosed funding: $18M
- Latest round: Series B (Oct 7, 2016)
- Investors on record: 9

## About

Workspot, Inc. specializes in cloud-based solutions for Desktop as a Service (DaaS), enabling organizations to lower Virtual Desktop Infrastructure (VDI) costs and enhance user experience across various industries.Founded in 2012 in Campbell, US, Workspot, Inc. provides cloud-based desktop services. The company has secured a total of 13 deals, with the most recent funding round being a Series E on October 7, 2020, raising USD 9.53 mn and achieving a current valuation of USD 117.01 mn. The CEO and co-founder, Amitabh Sinha, has a history of leading technology initiatives prior to Workspot.Workspot is a cloud-based platform that specializes in providing Desktop as a Service (DaaS), Enterprise Browser capabilities, and Digital Employee Experience (DEX) solutions. The core offerings enable organizations to reduce their Virtual Desktop Infrastructure (VDI) costs significantly, by up to 90%, while ensuring a seamless user experience. Their flagship product, the Workspot Enterprise Browser, allows users to access web applications securely and efficiently from any device, particularly catering to unmanaged, untrusted, or Bring Your Own Device (BYO) scenarios. Additionally, Workspot’s solutions are designed to facilitate cloud infrastructure management, offering just-in-time and just-enough provisioning across major cloud providers such as AWS, Azure, and Google Cloud Platform (GCP). The company serves a diverse client base across multiple industries including financial services, healthcare, manufacturing, retail, architecture, engineering, and construction (AEC), life sciences, and higher education, with a focus on markets in North America, Europe, and Asia.Workspot generates revenue primarily through subscription-based models, where clients pay for access to their DaaS and Enterprise Browser solutions. The structured pricing plans are designed to cater to businesses of all sizes, allowing customers to select from various tiers based on their specific needs and usage requirements. The subscription model enables continuous revenue flow as clients are charged periodically for ongoing access to the platform’s features and functionalities. Major clients utilize the Workspot platform to improve their IT operations and reduce infrastructure costs, contributing to the company’s financial stability. Transactions typically involve direct partnerships with enterprises, which leverage Workspot’s technology to enhance their virtual desktop management and secure access to applications.Workspot plans to expand its product offerings by developing new features within its platform, although specific launch dates have not been disclosed. The company aims to target new markets in Europe and Asia by 2023, utilizing the funds raised during the Series E round to bolster its growth initiatives and enhance product development. Recent funding will support these strategic initiatives to develop new capabilities and expand their reach to additional customer segments.

## Funding rounds

- Series B, Oct 7, 2016, $6.3M — Helion Venture Partners, TransLink Capital, WTI, Presidio Ventures, Follow[the]Seed
- Series B, Feb 24, 2016, $3.1M — Helion Venture Partners
- Series B, Jul 10, 2015, $3M — Helion Venture Partners, TransLink Capital, Qualcomm Ventures
- Series A, Apr 30, 2014, $4M — Helion Venture Partners, TransLink Capital, Qualcomm Ventures
- Seed, Apr 30, 2013, $1.9M — Kleiner Perkins, Redpoint Ventures, Norwest Venture Partners

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Seed
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Seed
- Helion Venture Partners (https://capitalatlas.ai/funds/helion-venture-partners) — Series A, Series B
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series A, Series B
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series A, Series B
- WTI — Series B
- Presidio Ventures (https://capitalatlas.ai/funds/presidio-ventures) — Series B
- Follow[the]Seed (https://capitalatlas.ai/funds/follow-the-seed) — Series B