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Everdream was an enterprise software company based in Fremont, California, that provided software-as-a-service desktop management solutions and technical support to small businesses. The platform delivered remote information technology administration capabilities, specifically focusing on automated antivirus software management, secure cloud-based data backups, and comprehensive endpoint data encryption. Operating on a recurring subscription-based business model, the firm targeted small and medium-sized enterprises seeking outsourced infrastructure management and cybersecurity services without the overhead of maintaining dedicated internal support teams. Prior to its exit, the company attracted early financial backing from prominent technology investor Elon Musk to scale its operations across the United States. The enterprise was ultimately acquired by multinational computer corporation Dell in late 2007 to expand its remote service offerings and managed services portfolio. Everdream was originally founded in 1998 by co-founders Lyndon Rive and Gary Griffiths.
Everdream has raised $98.0M across 4 funding rounds.
Everdream has raised $98.0M in total across 4 funding rounds.
Everdream has raised $98.0M across 4 funding rounds. Most recently, it raised $20.0M Series F in September 2005.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2005 | $20M Series F | — | Canaan Partners, Pritzker Group | Announced |
| Jan 1, 2003 | $12M Series D | — | Canaan Partners, Pritzker Group | Announced |
| Sep 1, 2000 | $50M Series C | — | Canaan Partners | Announced |
| Jan 1, 2000 | $16M Series B | — | Canaan Partners, Merian Ventures | Announced |
Everdream Corporation was a technology company specializing in on-demand desktop management services for corporate PCs, delivering visibility into hardware and software assets, uniform protection, and reduced total cost of ownership through a SaaS model.[1][2] It served enterprises worldwide, managing over 140,000 desktops across 60+ countries for clients like ADP, Salesforce.com, and Korean Airlines, with services including compliance tracking, malware protection, patch management, data backup, and remote IT support.[1][2] Founded in 1998 and headquartered in Fremont, California, Everdream raised $99.5M before being acquired by Dell, marking the end of its independent operations as a growth-stage portfolio company.[1][2]
Everdream was founded in 1998 in Fremont, California, emerging during the rise of internet-based services to address the growing complexity of managing distributed PC fleets in enterprises.[1][3] Key early backers included Canaan Partners (Series B) and Pritzker Group, supporting its development of a client-agent architecture for 24/7 remote desktop management.[2][4] The company gained traction by pioneering SaaS for IT admins, scaling to facilities in Dallas and Charlotte, and serving global clients amid the post-dot-com shift toward outsourced IT efficiency; it was ultimately acquired by Dell to bolster their PC management capabilities.[1][2][5]
Everdream rode the early SaaS and cloud computing wave in the late 1990s/2000s, addressing the explosion of remote workforces and PC proliferation before virtualization and modern MDM tools like Intune dominated.[1][2][5] Its timing capitalized on post-Y2K IT outsourcing trends and regulatory pressures for compliance, influencing the ecosystem by proving scalable, agent-based desktop management could cut costs and boost uptime for enterprises.[1] The Dell acquisition amplified this impact, integrating Everdream's tech into a major OEM's offerings and paving the way for today's hybrid cloud IT service trends.[2][5]
Post-acquisition by Dell, Everdream as an independent entity ceased, but its technology likely evolved into Dell's endpoint management portfolio, contributing to ongoing advancements in unified IT operations.[2][5] Future trends like AI-driven automation and zero-trust security will shape successors, with Everdream's legacy underscoring the enduring need for affordable, always-on desktop protection in distributed workforces—tying back to its original mission of making every PC "Everdream Protected."[1]
Everdream has raised $98.0M in total across 4 funding rounds.
Everdream's investors include Canaan Partners, Pritzker Group, Merian Ventures.
