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Nerdio secures 500 million funding and reaches 1.2 billion valuation
Nerdio, a Chicago-based cloud IT firm, has secured $500 million in an equity funding round led by General Atlantic, raising its valuation to $1.2 billion from $300 million in December 2022. The company aims to enhance cloud management, expand globally, and increase its workforce, serving over 5 million users across 50 countries, including major clients like Chevron and Penn State University. General Atlantic's Aaron Goldman and Asher Hecht will join Nerdio's board.
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