With an increase in remote and hybrid work during the pandemic, the remote desktop software AnyDesk has successfully raised $70 million in its Series C funding. The company's valuation now stands at over $600 million.
As the usage of laptops and computers have significantly increased, AnyDesk recorded more than 500 million downloads and 900 million sessions each month on average.
The funding round was led by General Atlantic, with existing investors Insight Partners, EQT Ventures, and Possible Ventures also participating, TechCrunch reported.
The Germany-based company's goal was to make the leanest and smallest software that was easiest for the most people to use, said Philipp Weiser, CEO, and co-founder of AnyDesk.
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The software can run on connections as low as 100 kbps and still have smooth graphics.
"The tech community likes us because of those things," Weiser was quoted as saying in the report on Monday.
AnyDesk's customer base has some 80,000 organisations, including educational and government institutions, media companies, IT services firms and others.
Individuals can use it for free, while business users can buy services in a variety of tiers, starting at nearly $10 a month.
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"AnyDesk is a strong example of the agile, forward-thinking companies that are shaping Germany on a broad scale. We believe in the company's ability to create next-generation solutions that meet the needs of this new era of remote work," said Achim Berg, operating partner at General Atlantic.
