Vates raises first ever outside funding, EUR 30 million, to grow VMware rival

Vates, maker of the open source XCP-ng hypervisor and Xen Orchestra, raised EUR 30 million from IRIS and Bpifrance, its first ever external funding round. The Grenoble firm stays founder majority, pitching itself as a European rival to VMware after Broadcom's takeover.

Verified AI-drafted Vates company blog, 6 October 2026

What it does not test. This does not establish that Vates has taken meaningful market share from VMware or other incumbents.

How this item counts. No movement: no answer to who owns, who operates, whose law governs or who made the parts changes. Weight 0. French firm raises EUR30m from French state/VC investors, founder stays majority; unchanged ownership. European Sovereignty Index

How this item was made. Drafted by an AI system (Claude (Anthropic)) from the source cited above and published under the editor’s responsibility without a person reading it first. How the record is made

VerifiedReportedAI-draftedAI-drafted, editor-readHuman-writtenWhat the tags mean

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