The Parisian scale-up, founded in 2010, announced on Tuesday the raising of 100 million euros in series D to “extend its service offer” and “finance its external growth”, can we read in its press release. This fundraising, led by Aleph Capital, also includes investors Ventech and Open CNP.
InterCloud, a partner of the main cloud providers, offers cloud connectivity infrastructure and provides companies with end-to-end secure managed services. InterCloud explains that its private connectivity solution “ensures optimized, automated and secure end-to-end access to applications and data hosted in the growing spectrum of cloud services”. In addition, its customers “can deploy their operations quickly, anywhere in the world, with all the major cloud providers,” the company adds.
Businesses are increasingly turning to cloud resources to drive their digital transformation. The appeal of multicloud is one of the major trends emerging. InterCloud cites a Gartner study that found enterprises using software-defined cloud interconnection (SDCI) services to connect to public cloud services will grow to 30% in 2025 from less than 10% in 2021.
European growth and acceleration of R&D
“There is significant growth opportunity in SDCI platforms around the world. (….) Hybrid cloud platforms and services are a rapidly growing priority for businesses around the world, and InterCloud is uniquely positioned to rapidly grow its market share,” said Jérôme Dilouya, CEO of InterCloud. , quoted in the press release.
With this new fundraising, the French operator intends to expand its international presence, starting with Europe, with “fifty” new salespeople who will be recruited in 2022. InterCloud will also use the funds to “accelerate the R&D”, develop its solutions and aims for external growth through potential acquisitions.
InterCloud, which mainly targets large accounts, has already raised 38 million euros during previous financing rounds in which, among others, Orange Digital Ventures (Orange Ventures now) and Bpifrance took part.