- France’s PoliCloud raised USD 8.8M seed round led by MENA VC Global Ventures to expand sovereign cloud infrastructure.
- The company offers eco-friendly, secure HPC cloud solutions tailored to public sector and enterprise sovereignty needs across Europe.
- Funding will support hiring and expansion as PoliCloud positions itself as a European alternative to US cloud giants amid rising AI demand.
PoliCloud
What happened? France-based PoliCloud, raised approximately USD 8.8 million (EUR 7.5M) in a seed round. The round was led by Global Ventures, a MENA VC firm based in the UAE. It also saw participation from MI8 Limited, OneRagtime, Inria, other private investors.
“We seek visionary entrepreneurs whose products have clear market demand and global potential – all of which apply to PoliCloud. Their distributed data centers have multiple competitive advantages: delivering next-gen, sovereign computing resources where they are needed; with more resilience; faster performance; greater security; while being cheaper to build and maintain,” said Simon Sharp, Senior Partner of Global Ventures.
Cloud Infrastructure
What is next? With the new capital, it aims to hire its operating team. Additionally, it aims to grow its business globally with a focus on public entities in Europe.
“The time is right for a new European solution that reduces reliance on US cloud providers and offers affordable, scalable computing power, especially as AI adoption accelerates. We are grateful to Global Ventures and all our investors for their support as we enter this exciting phase of expansion,” said David Gurlé, Founder of PoliCloud.
Who are they? Founded by David Gurlé, PoliCloud is a provider and developer of High Performance Computing (HPC) cloud infrastructure. Furthermore, it provides state-of-the-art distributed cloud infrastructure for secure storage and HPC.
It seeks to be eco-responsible, affordable, abundant, and secure. This is in order to meet the sovereignty needs of enterprises, public administrations and local SMEs.
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