Thursday, May 26, 2022

Slide Slide
Home Funding InterCloud raises 100 million Euros in funding round

InterCloud raises 100 million Euros in funding round

The investment would allow it to expand its international sales team, starting in Europe, with around 50 people to be added this year alone, said InterCloud, which helps companies access multiple cloud resources through a single platform

France’s InterCloud said on Tuesday, to support its international expansion in its latest fundraising round, it had raised a further 100 million Euros ($114.43 million).

The investment would allow it to expand its international sales team, starting in Europe, with around 50 people to be added this year alone, said InterCloud, which helps companies access multiple cloud resources through a single platform.

The cloud firm, which has teamed up with major cloud computing providers such as Microsoft, Amazon’s AWS and Alphabet Inc’s Google Cloud, was launched in 2010.

It also planned to use the funds for research and development, partnerships and acquisitions, the firm said.

InterCloud’s existing investors Ventech and Open CNP took part in the latest capital increase led by investment firm Aleph Capital, the company said.

It had already raised 38 million Euros in previous funding rounds that included investments from Orange Digital Ventures – now Orange Ventures – and Bpifrance among others.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics

khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -1x1 banner1x1 banner1x1 banner1x1 banner

Most Popular

INT. on global expansion path; to hire 2500 in next 3 years with key focus on leadership hiring

Founded in 1997, INT. has charted a remarkable course dotted with successful deliveries and steady YoY revenue and profit growth over the last two...

L&T Technology Services inaugurates Engineering R&D Centre in Poland to provide Embedded and Digital Solutions to Clients

Krakow ER&D Centre to cater to major industries including Automotive and Hi-Tech; LTTS to ramp up the centre headcount to over 300 engineers India, May...

Schools and colleges must start building a technologically inclined foundation for students, says Manoj Madhavan, CIO at Blue Dart Express Limited

To anyone looking to begin their careers in information technology or any of its sister streams, my only insight on this front is: opportunities...

Indian Public Cloud market to reach $13.5bn by 2026

To automate processes and drive innovation with public cloud as the foundation, the increased spend is expected to continue as enterprises invest in emerging...

Recent Comments