French govt takes part in Scality's third funding round

Wednesday 10 July 2013 | 08:37 CET | News
French-owned private cloud storage specialist Scality has secured EUR 17.1 million of funding from Menlo Ventures, Orange-Publicis venture Iris Capital and a government support fund for innovative SMEs, reports Les Echos. Prior investors such as Galileo Partners and Omnes also took part in this third round. Since its creation in 2009, Sality had raised EUR 13 million to date. The Silicon Valley start-up will use the new money to bolster its R&D spend. At present around 20 of the company's 56 employees work in R&D and the target is to double its R&D team, said founder and CEO Jerome Lecat,

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Categories: IT
Companies: Orange / Scality / SFR
Countries: France / United States
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