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✉news TechnologySoftware first seen 1 d ago, last 13 h ago, peak #12

Vates Raises €30 Million To Expand Open-Source Virtualization Platform

Original: Vates Raises €30 Million To Accelerate North American Growth And Open-Source Virtualization Platform

French open-source virtualization company Vates has raised €30 million in new funding, which it says will be used to accelerate its growth in North America and further develop its virtualization platform. The company positions itself as an open-source alternative in a market dominated by proprietary providers, particularly amid ongoing customer concern over Broadcom's licensing changes at VMware.

Why now: Businesses are actively seeking alternatives to VMware, making funding news for an open-source virtualization vendor timely and relevant.

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