InterCloud raises 100 million Euros in funding round

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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.

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