What is Splashtop?
Founded in 2006 by four Massachusetts Institute of Technology (MIT) alumni—Mark Lee, Robert Ha, Thomas Deng, and Philip Shu—Splashtop has evolved into a prominent player in the remote access and remote support software market. The company offers a suite of products designed for secure remote access to computers, enabling IT professionals and end-users to connect to their devices from anywhere. Splashtop's solutions are utilized by businesses and individuals worldwide, emphasizing security, performance, and ease of use. The company's trajectory suggests a strong market position in the increasingly vital remote work and IT management landscape.
How much funding has Splashtop raised?
Splashtop has raised a total of $90M across 4 funding rounds:
Series A
$10M
Series C
$15M
Other Financing Round
$50M
Other Financing Round
$15M
Series A (2007): $10M with participation from Storm Ventures and DFJ DragonFund
Series C (2008): $15M led by Storm Ventures, DFJ DragonFund, and New Enterprise Associates
Other Financing Round (2021): $50M supported by Sapphire Ventures LLC, DFJ DragonFund, Storm Ventures Group, and NEA
Other Financing Round (2021): $15M featuring Storm Ventures International, Sapphire Ventures, and Draper Dragon
Key Investors in Splashtop
Sapphire Ventures
Sapphire Ventures is a venture capital firm focused on investing in and providing services to technology companies. They are based in Palo Alto, California.
Draper Dragon
Draper Dragon is a cross-border venture fund founded in 2006 that connects Silicon Valley and Asia, focusing on early-stage companies in the blockchain and Web3 sectors. The firm partners with visionary founders to drive innovative solutions and has a global presence with offices in major cities including Silicon Valley, Toronto, and Shanghai.
Storm Ventures
Storm Ventures is an early-stage venture capital firm focused on B2B software startups, specializing in areas such as artificial intelligence, enterprise infrastructure, and cybersecurity. With over 23 years of experience and more than 200 investments, they assist founders globally in navigating their journey from inception to becoming industry leaders.
What's next for Splashtop?
The substantial enterprise-level funding and recent strategic investment indicate Splashtop is poised for significant expansion. This capital infusion will likely fuel further product development, enhance its go-to-market strategies, and potentially support strategic acquisitions. As the demand for robust remote access solutions continues to grow, Splashtop is well-positioned to leverage this financing to solidify its market leadership, expand its global reach, and innovate within the competitive technology sector. The company's focus on enterprise-grade security and performance suggests a strategic push to capture larger market share and serve more demanding client needs.
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