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French open-source virtualization outfit Vates has raised $33.6M, with IRIS and Bpifrance backing the company.
Founded in 2012, Vates pitches itself as an alternative to VMware, built around its XCP-ng hypervisor and Xen Orchestra management platform. Its flagship Vates VMS bundles that stack with commercial support, aimed at organizations that want open, secure, and sovereign infrastructure.
Vates Raises €30M in Funding 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. The funding round was led by IRIS and Bpifrance. 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 expansio
Pace
Pace is an AI operations platform for the insurance industry. It turns operating procedures into agentic systems that execute work across documents, workflows, and customer channels at enterprise scale. The platform provides the orchestration, integrations, and governance layer for AI agents to securely execute insurance workflows from intake to resolution.
$46.0M Series b
today
Poetic
Poetic helps the largest enterprises define and automate their hardest processes. Leveraging the intelligence of AI, with the precision of software — reliably, accurately, and at-scale.
$50.0M Series a
today
Largest funding rounds in Software on Signalbase right now.
| # | Company | Round | Amount | Date |
|---|---|---|---|---|
| 1 |  Vueron South Korea | Series a | $22.0B | 2y ago |
| 2 |  ICG Poland | Unknown | $17.0B | 2y ago |
Companies that recently closed a Unknown round.
| # | Company | Round | Amount | Date |
|---|---|---|---|---|
| 1 |  EnergyPathways plc United Kingdom | Unknown | $2.3M | today |
| 2 |  Wavo.co Canada | Unknown | $11.2M | today |
Grow With Me
Create tomorrow, today! Grow With Me empowers people like you to achieve financial freedom and ultimate flexibility through personal development and leadership education. No matter your age or stage of life, I help you learn how to achieve your dreams.
$3.0K Seed
today
| 3 |  ARGO United States | Unknown | $6.0B | 1y ago |
| 4 |  XA The Netherlands | Unknown | $6.0B | 1y ago |
| 5 |  Odoo Belgium | Unknown | $5.3B | 1y ago |
| 3 |
 Koddex France |
| Unknown |
| $3.4M |
| today |
| 4 |  Nusynth Technologies India | Unknown | $3.8M | today |
| 5 |  Volt Resources Limited Australia | Unknown | $970.6K | today |
IRIS
VENTURE CAPITAL
Bpifrance
PUBLIC FUND
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