Cologne-based infrastructure-as-a-service startup gridscale raises €7 million

German provider of infrastructure-as-a-service and platform-as-a-service solutions (IaaS and PaaS), gridscale, has landed a €7 million funding round led by Endeit Capital and EnBW New Ventures, with participation from BLSW Seed and Growth Fund and High-Tech Gründerfonds.

Founded in 2014 and headquartered in Cologne, gridscale offers scalable infrastructure-as-a-service solutions billed per minute, such as distributed storage, load balancers, and virtual servers, as well as platform-as-a-service elements like automatically scaling databases and IoT components.

Currently, gridscale focuses on German-speaking markets but plans to use the fresh funding to expand into the Scandinavian markets. The startup employs 30 people and wants to end this year with twice as many.

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