Orange Digital Ventures leads investment in cloud-interconnection company InterCloud

oranges
Orange Digital Ventures is the lead investor in a $24.3 million funding round for software-defined cloud interconnect (SDCI) vendor InterCloud. (Pixabay)

Orange Digital Ventures, Orange's early-stage investment fund, was the lead investor in a financing round of $24.3 million for software-defined cloud interconnect (SDCI) vendor InterCloud.

Partnering with Orange gives InterCloud a broader reach for its interconnection services in Europe while Orange brings in a new member into its innovation ecosystem to support commercial services and applications.

RELATED: Orange invests in French DevOps startup Cycloid

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Paris-based InterCloud's latest round of funding included three new investors—CNP Assurances, UL Invest and Weber Invest— and previous investors Cap Horn Invest, Ventech, Hi Inov Dentressangle, SNCF Digital Ventures, BPI France.

InterCloud offers a fully managed software-defined cloud applications interconnection, and works with global enterprises to deploy resources in a multi-cloud environment.

InterCloud enables global companies to interconnect their multi-cluster resources by using its SDCI technology, which allows companies to simplify their infrastructures. Using SDCI also gives organizations more control and visibility over their multi-cloud applications.

InterCloud lists Amazon Web Services, Microsoft Azure, Google Cloud, IBM Cloud and Alibaba Cloud as some of its partners. In July, InterCloud announced it was one of the first partners to join the Microsoft Azure Networking Managed Service Providers (MSP) Program. InterCloud's customer list includes Airbus, Schneider Electric and Sodexo. 

"InterCloud's unique strategic vision confirms the scale of future developments in the convergence of telecom, IT and security in the era of open and automated software solutions," said Etienne Moreau, investment manager, Orange Digital Ventures, in a statement. "The quality of execution and service of the teams involved in this project makes InterCloud the European leader and a future international player that cannot be ignored and a pioneer. "

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