Teradici has raised $45.0M in total across 3 funding rounds.
Teradici's investors include BDC Venture Capital.
Teradici is a fabless semiconductor and software company specializing in PCoIP (PC-over-IP) technology, which enables secure, high-performance remote access to desktops, workstations, and graphics-intensive applications over IP networks.[1][2][3][4] It serves enterprises, media companies, design firms, financial institutions, and government agencies by providing solutions for virtual desktop infrastructure (VDI), zero clients, and cloud-based computing, solving challenges like IT infrastructure bloat, high power consumption, and secure remote work.[1][3][5] Acquired by HP Inc. in 2021 and now operating as HP Teradici, its technology powers over 15 million users worldwide, with products rebranded under HP Anyware (formerly Teradici Cloud Access Software), which earned an Engineering Emmy in 2020 for remote computing excellence.[5][6]
The company reduces IT costs by offloading CPU demands through pixel-based compression and encryption, supporting hybrid workstyles on devices like PCs, Chromebooks, tablets, and zero clients.[3][4][5] Post-acquisition, Teradici integrates with major clouds (e.g., AWS, Azure) and offers subscription plans like Teradici All Access for optimized deployments.[6]
Teradici was founded in 2004 in Burnaby, Canada, by Dan Cordingley, Dave Hobbs, Ken Unger, and Maher Fahmi, who developed a proprietary protocol for compressing and decompressing images and sound to access blade servers remotely.[2][4] Operating in stealth mode until 2007, it launched its first products: a blade server card and a compact "hockey puck" client using a custom PCoIP chip.[4] Early traction came in 2008 when VMware licensed the protocol for VMware View 4, expanding to thin/zero clients for VDI.[4]
Pivotal moments included hardware expansions (Tera1/Tera2 SoCs), software clients, and OEM partnerships with HP, Dell Wyse, Samsung, Fujitsu, and AWS.[4][5] By 2021, HP acquired Teradici to bolster its hybrid work offerings, combining it with ZCentral Remote Boost for comprehensive remote compute platforms.[5] Today, as HP Teradici, it continues innovating under CEO Dan Cordingley with professional services for cloud migrations.[6]
Teradici rides the hybrid/remote work and cloud migration wave, enabling secure virtualization amid rising demands for flexible, graphics-intensive computing in media, engineering, and defense.[2][5][6] Its timing aligns with post-2020 shifts to cloud PCs and zero clients, countering market forces like data center constraints, cybersecurity threats, and sustainability goals by slashing IT infrastructure and energy use.[1][3]
It influences the ecosystem by powering VDI standards (licensed to VMware, AWS) and fostering adoption of pixel-streaming for high-fidelity remote access, bridging on-prem legacies with public clouds—critical as AI-driven workflows demand low-latency graphics.[2][4][5] As part of HP, it expands hybrid solutions, trusted by 15M+ users and Emmy-recognized for innovation.[5][6]
HP Teradici is poised to dominate secure remote computing with HP Anyware expansions, leveraging AI optimizations for even richer cloud workloads like XR collaboration and real-time 3D rendering.[2][6] Trends like zero-trust security, edge-to-cloud shifts, and sustainable IT will propel growth, especially in AI-enhanced VDI for enterprises accelerating public cloud migrations.[6]
Its influence may evolve by deepening HP ecosystem ties, potentially standardizing PCoIP in more OEMs and services, solidifying its role from stealth innovator to hybrid work cornerstone—delivering the pixel-perfect PC experience over IP that started it all.[3][5]
Teradici has raised $45.0M across 3 funding rounds. Most recently, it raised $17.0M Series C in April 2009.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2009 | $17.0M Series C | BDC Venture Capital | |
| Feb 1, 2007 | $18.0M Series B | BDC Venture Capital | |
| Dec 1, 2004 | $10.0M Venture Round | BDC Venture Capital |
