✉news TechnologySoftware first seen 6 h ago, last 4 h ago, peak #31
French open-source firm Vates raises €30 million
Original: Vates snaps €30M from IRIS and Bpifrance to transform enterprise virtualisation with open-source technology
Vates, a French company behind open-source virtualisation solutions, has raised €30 million from investors IRIS and Bpifrance. The funding will support its push to offer enterprises an open-source alternative to proprietary virtualisation platforms, a market shaken by licensing changes at major vendors. Backers say the round will help the company scale product development and expand internationally.
Why now: Enterprises are actively seeking open-source alternatives to VMware following licensing cost increases, making virtualisation funding news timely.
Evidence
- Vates snaps €30M from IRIS and Bpifrance to transform enterprise virtualisation with open-source technology · Tech Funding News
API: https://socialmediatrends-api.osmike.com/v1/trends/1250920