Teradici CEO Touts PCoIP as Next Big Thing
Earlier this week, Burnaby, B.C.-based Teradici Corp. announced it raised a $17 million Series C round from TELUS Ventures (the venture arm of TELUS), Alloy Ventures, GrowthWorks Capital, Skypoint Capital, BDC Venture Capital and Alta Berkeley Venture Partners. The company, which says it has now raised $51 million over three rounds of funding, develops chips to deliver a PC-like experience over a network, or what it calls PC-over-IP (PCoIP). The company has seen an uptick with the cloud computing trend. Samsung integrated Teradici's desktop portal processor directly into their PCoIP display earlier this year, and Teradici recently announced a partnership with VMware to develop a software implementation of PCoIP. One other fun fact I learned from the PR gal is that Alloy Ventures uses the technology in their offices and "thinks it's terrific." I emailed CEO Dan Cordingley to ask him a few questions about raising a big up round in this environment. Cordingley, a former general manager at Intel Corp., co-founded Teradici in 2004 with Dave Hobbs. Here’s the edited version of our conversation:
