French virtualization company Vates has raised €30 million from IRIS’ Growth fund and Bpifrance, through its Large Venture fund, amid shifts in the global virtualization market.
Changes to licensing models, rising infrastructure costs and increasingly complex architectures are driving demand for platforms that offer performance and cost control while providing interoperability, sovereignty and reversibility.
Vates is addressing this shift with an open-source virtualization platform designed to give organisations greater control over their infrastructure, reduce technological dependency and retain flexibility in how their infrastructure is designed.
The company has expanded its international presence in recent years, recording strong growth and building a customer base across 100 countries, with most of its revenue coming from outside France and North America emerging as its largest market. It also gained wider industry recognition, joining Gartner’s Magic Quadrant for virtualization for the first time in 2026 as one of the few European vendors represented.
Olivier Lambert, CEO and co-founder of Vates, said the funding is intended to accelerate Vates’ existing strategy rather than change the company’s direction:
Today, we have the technology, the teams, an international presence and recognition from the market. This funding gives us the resources to execute much faster and operate at an entirely different scale, without compromising our independence or the open-source principles that have driven our success.
Vates plans to invest part of the funding in the next generation of its platform, focusing on performance, storage, security, automation and the management of large-scale virtualization infrastructure, including support for evolving workloads and new requirements driven by AI.
The company will also accelerate its international expansion, particularly in North America and key European markets, strengthening its sales and marketing capabilities to expand its presence among large enterprises, public-sector organisations and service providers.
A third area of investment will be Vates’ partner ecosystem. The company plans to expand its network of distributors, integrators, service providers and technology partners to support platform adoption and larger international transformation and migration projects.
Open source will remain central to Vates’ strategy, with the company continuing to invest in technologies built around interoperability, reversibility and customer freedom of choice.
Would you like to write the first comment?
Login to post comments