Neverware, an education IT company, secured $1M round from Thrive Capital, Khosla Ventures, General Catalyst, Collaborative Fund, and Nihal Mehta.

Neverware installs a powerful server that connects to a school's existing computers, taking over the 'heavy lifting' and allowing the computers to run like new. Neverware's servers can supercharge any PC - even if it's ten years old and missing its hard drive. Subscribers do not have to buy the server or any other hardware: Neverware's pricing is based on affordable subscription model designed to fit into any school's annual budget. When a school signs up, Neverware's professional installation team works with the school administration to get the system up and running. All installation and maintenance costs are covered by Neverware for as long as the subscription continues - which means that a Neverware school is getting one of the best deals on reliable IT infrastructure in the world.