Vates has raised €30 million from IRIS’ Growth fund and Bpifrance for global expansion. The funding will accelerate Vates' strategy and support the development of its next-generation virtualization platform.
PRIVATEOct 06, 2026
Amount Raised
€30 Million
Round Type
Venture
FranceCloud Infrastructure
Investors
BpifranceIris
Description
French virtualization company Vates has secured €30 million from IRIS’ Growth fund and Bpifrance amid shifts in the global virtualization market. This funding is aimed at accelerating Vates’ existing strategy and enhancing its open-source virtualization platform. The company plans to invest in performance, storage, security, and international expansion, particularly in North America. Vates is also recognized for its strong growth and presence in over 100 countries.
Company Information
Company
Vates
Location
France
About
Vates is a French virtualization company that provides an open-source virtualization platform allowing organizations greater control over their infrastructure. It addresses shifts in the global virtualization market, focusing on cost control, interoperability, and flexibility. The company has a significant international presence, achieving strong growth and recognition in the industry. Most of its revenue comes from international markets, particularly North America.
Fundz sees it the moment Vates raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
FranceCloud Infrastructure