Zimory Raises $20M in Funding

Zimory, a Berlin-based company that provides carrier-grade cloud infrastructure management software, raised $20m in funding.

The round was led by new investor Deutsche Boerse, with participation from existing investors Creathor Venture, High-Tech Gruenderfonds (HTGF), IBB Beteiligungsgesellschaft (IBB), KFW and T-Venture.

The company intends to use the funds for international expansion, and building of its management platform for the cloud services marketplace.

Founded in 2007 and led by Ruediger Baumann, CEO, and Dr. Hagen Hultzsch, chairman, Zimory provides carrier-grade cloud infrastructure management software that allows service providers, enterprises and cloud brokers to leverage cloud computing. Its Cloud Suite aims to automate the creation, launch and management of all types of cloud environments (public, private, virtual private or hybrid). The company has development centers in Erfurt, Germany and Minsk, Belarus, a subsidiary office in New York City.



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