Dizzion raises $3.9M in Series A investment round

By: InnovatioNews Tuesday February 3, 2015 0 comments Tags: Correlation Ventures, Denver, Dizzion, Grotech Ventures, Joe Zell, Point B Capital, Steve Prather

 

DENVER - Dizzion, a cloud-delivered desktop provider, announced it completed a $3.9 million Series A funding round co-led by Grotech Ventures and Access Venture Partners with Point B Capital, Correlation Ventures and Service Provider Capital completing the investment round.

Dizzion said it will use the funding to continue to expand its presence in the fast-growing end-user computing market, which includes virtual desktops and Desktop as a Service (DaaS).

"Today, companies require more flexible ways to manage and secure corporate and sensitive data such as personally identifiable information, credit card numbers and health records while allowing users the ubiquitous access they require from the device of their choice,' said Steve Prather, Dizzion CEO.

"Dizzion helps solve these problems by creating a highly secure, virtualized corporate work environment that meets compliance standards and takes companies into 21^st century computing."

Founded in 2011, Dizzion said it helps companies eliminate the expense and frustration of corporate desktops that are difficult and expensive to manage and do not provide the security needed for an enterprise environment.

"Desktop virtualization is expected to grow to a $5.6 billion industry, and we believe this market has potential to expand further as corporate computing adapts to cloud-based technologies," said Joe Zell, Grotech Ventures general partner.