Orange Digital Ventures is leading a €22 million financing round for InterCloud, a managed, software-defined cloud application platform.
It is designed to help enterprises connect resources and applications across multiple cloud locations and providers.
Orange Digital Ventures said the move was part of its drive to achieve European leadership in cloud interconnection. The finance unit is leading the financing alongside three new investors, Open CNP, UL Invest and Weber Invest, as well as existing investors, CapHorn Invest, Ventech, Hi Inov, SNCF Digital Ventures and BPI France.
Etienne Moreau, Investment Manager, Orange Digital Ventures, said, "InterCloud's unique strategic vision confirms the scale of future developments in the convergence of telecom, IT and security in the era of open and automated software solutions.
"The quality of execution and service of the teams involved in this project makes InterCloud the European leader, a future international player that cannot be ignored and a pioneer."
Simplification and control
According to Orange Digital Ventures, InterCloud is the only software-defined cloud interconnect (SDCI) capable of providing an end-to-end managed turnkey service which enables companies to simplify their infrastructures and gain greater visibility and control over their multi-cloud applications.
Jérôme Dilouya, CEO of InterCloud, said, "We are delighted to welcome new partners, thanks to which we will be able to accelerate our commercial deployment in Europe, building on our recent successes to conquer the entire continent.”