Cloud management software firm Zimory lands $20m from Deutsche Boerse and others

Cloud management software firm Zimory lands $20m from Deutsche Boerse and others

Zimory, a Berlin-based company that delivers cloud management solutions to service providers, enterprises and ‘cloud brokers’ worldwide, today announced that it has raised $20 million in funding.

The financing round was led by new investor Deutsche Boerse, with participation from prior backers Creathor Venture, High-Tech Gruenderfonds (HTGF), IBB Beteiligungsgesellschaft (IBB), KfW and Deutsche Telekom’s venture capital arm, T-Venture.

Deutsche Boerse is not only an investor in Zimory but also a business partner. Just last week, the German financial markets operator said it is planning to launch an independent exchange for trading cloud computing capacity in partnership with the Berlin startup.

Dubbed the Deutsche Boerse Cloud Exchange, the cloud services marketplace will aim to enable IT resources to be traded like securities and energy, electronically and within seconds.

Zimory hopes its commitment to advancing open and standardized cloud management software in connection with the above will help to drive business within enterprises, service providers, and cloud broker customers on a global scale. The freshly raised cash will hence be used primarily to give its sales and marketing a big boost.

Founded in 2007, Zimory is headquartered in Berlin but also boasts development centers in Erfurt, Germany and Minsk, Belarus, as well as a recently opened subsidiary office in New York City.

Image credit: Thinkstock

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