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PoliCloud raises €7.5M in seed funding, led by Global Ventures, to expand its team and grow its HPC cloud business in Europe.

Jun 26, 202524 days ago

Amount Raised

€7.5 Million

Round Type

seed

CannesInformation TechnologySoftware

Investors

InriaOne RagtimeMi8Global Ventures

Description

PoliCloud, a Cannes-based provider of HPC cloud infrastructure, raised €7.5M in seed funding. The round was led by Global Ventures, with participation from MI8, OneRagtime, Inria, and other private investors. The funds will be used to hire for the operating team and expand globally. PoliCloud aims to serve public entities in Europe with its secure and eco-responsible solutions.

Company Information

Company

PoliCloud

Location

Cannes, Alpes-Maritimes, France

About

PoliCloud is a Cannes, France-based provider and developer of sovereign High Performance Computing (HPC) cloud infrastructure. The company offers eco-responsible, affordable, and secure distributed cloud solutions tailored for enterprises, public administrations, and local SMEs. By partnering with Hivenet, PoliCloud ensures decentralization of computing through their proprietary hardware and software. The company is focused on expanding its operations globally with an emphasis on public entities in Europe.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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