Deutsche Börse joins $20m funding round for cloud firm Zimory

Deutsche Börse joins $20m funding round for cloud firm Zimory

Berlin-based cloud management software firm Zimory has raised $20 million in a funding round led by Deutsche Börse, with which it is working to build a trading venue for outsourced storage and computing capacity.

Last week the pair revealed that the Deutsche Börse Cloud Exchange will launch early next year, offering a marketplace for firms to buy and sell IT resources electronically.

Maximilian Ahrens, CTO, Deutsche Börse Cloud Exchange, says: "Zimory's neutral trading IaaS orchestration software is enabling the Deutsche Boerse Cloud Exchange to change the way cloud computing infrastructure resources are sold and used."

Now, Deutsche Börse has strengthened its commitment to the vendor, leading the $20 million round, which was also joined by existing investors Creathor Venture, High-Tech Gruenderfonds, IBB Beteiligungsgesellschaft, KFW, and T-Venture.

Ruediger Baumann, CEO, Zimory, says: "The funding will enable us to address the strong demand for Zimory's cloud management software by continuing to expand our resources and accelerate our sales, marketing and product development initiatives."

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