PoliCloud raises €7.5 million
PoliCloud, a high performance computing cloud infrastructure provider, secured €7.5 million in seed funding led by Global Ventures, with contributions from MI8 Limited, OneRagtime, and Inria.
MAIN POINTS
- PoliCloud specializes in high performance computing cloud infrastructure.
- The company raised €7.5 million in seed funding.
- Global Ventures, a MENA-based VC firm, led the funding round.
- Other investors include MI8 Limited, OneRagtime, and Inria.
TAKEAWAYS
- The seed funding will likely support PoliCloud's growth and development.
- Global Ventures' involvement highlights interest from MENA in tech infrastructure.
- The diverse investor base spans regions including Hong Kong and Europe.
- Inria's participation suggests a focus on research and innovation.