Zimory, a Germany-based provider of cloud management software, has raised $20m in funding led by new investor, Germany-based stock exchange Deutsche Börse, with participation from return backers T-Venture, the venture capital company of Deutsche Telekom, and financial investors High-Tech Gruenderfonds, IBB Beteiligungsgesellschaft and KFW.
In addition to Deutsche Börse’s investment, Zimory has been chosen as a strategic partner by Deutsche Börse Group to enable the settlement process for its new venture, the Deutsche Boerse Cloud Exchange, an exchange for cloud computing capacities designed to enable IT resources to be traded electronically.
Maximilian Ahrens, chief technology officer of the Deutsche Börse Cloud Exchange, said: “Zimory´s neutral trading IaaS orchestration software is enabling the Deutsche Börse Cloud Exchange to change the way cloud computing infrastructure resources are sold and used.”
Ruediger Baumann, chief executive officer of Zimory, said: “The funding will enable us to address the strong demand for Zimory’s cloud management…
