Vates Raises €30M in Funding

Vates, based in France, has raised €30 million in its first major outside funding round to accelerate its technology development and expand its enterprise go-to-market presence, particularly in North America. The company provides an open-source virtualization platform and management stack that serves over 1,000 customers globally.

Investors

The funding round was led by IRIS and Bpifrance.

Vates Use of Funds

Vates plans to use the capital to accelerate its technology development, specifically enhancing its virtualization platform's performance, storage, security, and automation capabilities. The funds will also support the expansion of enterprise sales, marketing, and customer-facing resources, alongside growing its global partner ecosystem of distributors and systems integrators.

About Vates

Founded in 2012 by CEO Olivier Lambert, Vates specializes in open-source virtualization infrastructure. The company develops XCP-ng and the Vates Virtualization Management Stack, offering an alternative to traditional enterprise virtualization platforms for organizations seeking greater control and flexibility.

Funding Details

Company Website: https://vates.fr

Company: Vates
Raised: €30M
Funding Date: October 7, 2026
Lead Investor: IRIS, Bpifrance
Company Website: https://vates.fr
Software Category: Virtualization Software
Source: https://pulse2.com/vates-raises-e30-million-to-accelerate-north-american-growth-and-open-source-virtualization-platform/