Wherever we are in the journey of navigating a pandemic, remote work is still hot. Electric, one of the many companies making it easier for organizations to work remotely, has capitalized on this trend so much in the past couple years that it's now a unicorn. Electric provides IT infrastructure to SMBs to take care of most of the grunt work of the IT department, such as deploying new hardware, keeping all machines and licenses compliant, granting and revoking permissions, etc. This means that a company can theoretically have just one proper IT person, or contract it out, for any troubleshooting issues or non-administrative work. Denehy has been raising money aggressively for Electric as the pandemic fueled usage and adoption of its product. The result of the capital raises and favorable market conditions has been rapid growth. In 2021, Electric said that it doubled users and revenue, leading to annual recurring revenue (ARR) expansion from $17 million in 2020 to $38 million last...
learn more
Ratings & Reviews
Entrepreneur & Investor
YOU MIGHT ALSO LIKE