Workspot Secures $6.5M in Series A Funding From Helion Ventures, Translink Capital and Qualcomm
(Marketwire Via Acquire Media NewsEdge) CUPERTINO, CA -- (Marketwired) -- 07/18/14 -- Workspot, a leading provider of Workspace-as-a-Service solutions, today announced it has secured $6.5 million in Series A funding led by Helion Ventures along with Translink Capital and Qualcomm Inc., through its venture investment group, Qualcomm Ventures. Workspot is introducing new ways for mobile workforces to seamlessly access business applications and data from any mobile device. Workspot has created a 100 percent cloud-based solution for IT administrators called Workspot Control, and a mobile application for Android and iOS end-users called Workspot. The Workspot application is a unified workspace, allowing end users to easily access their data and applications behind a firewall from any mobile device.
"Workspot is tackling a universal problem faced by IT departments of all sizes in the post-PC era; employees' increasing use of mobile devices to work, secure and gain seamless access to business applications and data has become a major challenge. Most of the competing solutions are antiquated and rooted in complex on-premise infrastructure that only superficially touches the cloud," said Ashish Gupta, senior managing director at Helion Ventures. "We're impressed with how Workspot has radically simplified the end user experience, as well as provided a 100 percent cloud solution that simplifies deployment for IT."
Workspot's cloud-based solution offers complete flexibility for IT administrators to manage mobile access for enterprises and provides an easy to deploy solution that saves on cost and time, and requires no new infrastructure or complex software.
"Workspot is redefining enterprise mobility, giving IT professionals a much simpler, cost effective BYOD solution, while giving employees a secure contained workspace on their devices," said Amitabh Sinha, CEO of Workspot. "We're pleased to welcome our new investors from Helion, Translink Capital, and Qualcomm Ventures. Their funding will enable Workspot to tackle the needs of the evolving mobile enterprise and allow us to scale up on bringing our 100 percent cloud-based solution to more end users and IT administrators."
"Organizations across the world have been struggling to solve BYOD. Previous solutions like Virtual Desktop Infrastructure (VDI) and Mobile Device Management (MDM) haven't solved the problem," said Toshi Otani, co-founder and managing director at Translink Capital. "Workspot has built an elegant solution that provides great user experience to users, but also simplifies the deployment for IT. The Workspot solution is ready for early adopters of mobile technology in Korea, Japan and Greater China."
"The smartphone era has created new challenges for IT organizations that require giving mobile employees easy and secure access to their core business applications and data while on the go," said Albert Wang, director, Qualcomm Ventures. "Workspot has built a mobile access solution that provides a seamless user experience, enabling higher productivity for employees with mobile devices, while improving data security."
"We've been running Workspot since September 2013, and it's enabled our internal teams to serve the City of Milpitas in real time," said Michael Luu, information security director for City of Milpitas in California. "We have a lean IS team and when we evaluate solutions, a key criteria to selecting a vendor is their approach to architecture. Workspot's cloud approach where the data and control are separate stood out to us, and being able to leverage our existing Cisco VPN investment was important. We didn't want to add more work to our security team, and not having to purchase or maintain hardware in our data center like a MDM solution was a different approach than the other vendors."
Workspot launched in April 2013 and was recently listed as a "Cool Vendor" in the Gartner report on Cool Vendors in Endpoint Computing published May 9, 2014.* Workspot was created by a team of experienced technologists with backgrounds from Citrix, VMware, Oracle, Juniper Networks, Cisco, Symantec and Microsoft. Prior to its Series A round, Workspot had raised a $3.3 million round of seed from Qualcomm Ventures, Kleiner Perkins Caufield & Byers, Webb Investment Network, and angel investors.
About Workspot:Workspot provides a powerful Workspace-as-a-Service solution for firms of any size to securely deliver core business apps and data on personal mobile devices. Workspot believes today's mobile workforces need to be empowered to work from anywhere with seamless access to their business apps and data across mobile and desktop platforms. Designed to leverage a firm's existing infrastructure, firms using Workspot no longer have to tolerate costly investments, installation of new boxes or time-consuming deployments. Workspot's 100 percent cloud-based solution takes mobile device management, as well as application and data delivery to a whole new level. Founded in 2012, Workspot investors include Helion Venture Partners, Translink Capital, Qualcomm Ventures, Kleiner Perkins Caufield & Byers and Webb Investment Network. For more information, visit www.workspot.com or follow us on Twitter @workspotinc.
* Gartner Cool Vendors in Endpoint Computing, 2014 #G00264017, published May 9, 2014. Analyst(s): Michael A. Silver, Nathan Hill, Mark A. Margevicius, Federica Troni.
Disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Irene Yam 415-994-7003
[ InfoTech Spotlight's Homepage ]