Frame pictures $16m investment
Posted on 18 May, 2017 by Thierry Heles, editor
The virtual workspace platform has added investors including In-Q-Tel and Microsoft Ventures to its roster of shareholders following a round that boosted Frame’s total to $32m.
In-Q-Tel, the venture capital affiliate of the US intelligence community, participated in a $16m funding round yesterday for US-based cloud workspace platform Frame.
Microsoft Ventures, the corporate venturing arm of software developer Microsoft, Bain Capital Ventures and Columbus Nova Technology Partners also took part in the round.
Established in 2012 as Mainframe2, Frame lets users set up virtual applications and desktops through platforms such as Microsoft Azure and Amazon Web Services. The technology enables the virtual environments to be connected to other cloud-based products, such as storage, providing a fully functional workspace.
The money will go towards accelerated market adoption of Frame’s offering. Salil Deshpande, managing director at Bain Capital Ventures, will join the board of directors.
Frame has secured $32m in total funding, according to the latest press release.
The company previously closed a $10m series A round in 2015 that featured Columbus Nova, Bain Capital and SQN Venture Partners. Columbus Nova had led a $2.2m seed round in 2014 with participation from assorted angel investors.
George Hoyem, managing partner for investments at In-Q-Tel, said: "Frame takes virtual desktops to the next level by delivering a solution that operates completely within a web browser at performance levels we have not seen before.
"The ability to reduce security risks with zero-footprint virtual desktop clients, while simplifying management of desktop software, is attractive to our government partners."
See more from this Government Report: US
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