The New York based company, founded in 2011 by chief executive officer Jonathan Hefter, provides cost-effective software that eliminates the need to replace desktop computers. Instead of periodically replacing hardware, Neverware allows schools and businesses to have the fastest available desktop computer speeds using the hardware they currently have.
Initially, the desktop system cost schools $149 per computer per year but in February 2015 the company launched a cloud version of its operating system based on Google’s open source Chromium operating system. According to the company, by installing the CloudReady software on any computer, it will improve the performance of that machine. Installing CloudReady involves a $35 set up fee then a $15 annual maintenance fee per computer. IT specialists also have the same maintenance dashboard that Google offers, allowing them to manage a school’s software in the cloud, without having to individually update and manage independent computers. CloudReady will run on Intel-based computers from the past seven or eight years but not on non-Intel Macintosh computers.
In 2013, the ed tech company, which has 21 employees, received $1 million dollars in seed funding led by Mark Suster, Upfront Ventures with participation from 6 other investors then in 2014 the company raised $6.6 million in Series A funding from Rethink Education.