Cloudalize raises EUR 5 million in Series-A Funding led by Horizons Ventures

Ghent, Belgium – 21 August 2018 ​– Cloudalize, a supplier of virtual secure GPU-powered Desktop-as-a-Service (DaaS) solutions, has secured EUR 5 million (USD 5.7 million)* in a Series-A funding led by the Hong Kong-based investor Horizons Ventures. Cloudalize has designed and developed a unique Desktop-as-a-Service (DaaS) powered by graphical-processing units (GPU) from NVIDIA.

With Cloudalize’s DaaS solution, professionals in the architecture, engineering and construction sectors as well as health, finance and media and entertainment have a safe and secure Cloud environment on which to run their preferred software without the need to upgrade their existing hardware.

The funding will enable Cloudalize to expand its sales network in North America and Asia and to recruit more technology specialists. Cloudalize will soon launch a new offering targeted at companies who need scalable computing resources for artificial intelligence, transcoding or other similar purposes.

This capital round is also driven by Cloudalize’s earlier key partnerships with companies like NVIDIA and Epic Games. Cloudalize is a preferred partner of NVIDIA which acknowledged as the leader in their field of technology. Cloudalize teamed up with Epic Games to enable enterprise customers to access their Unreal Engine 4-based content on any device.

Cloudalize is working very closely with content creation partners as its platform is a key enabler for the distribution of game engine-based content on any device. Cloudalize also maintains close relationships with certified resellers of GPU-accelerated applications such as computer aided design, manufacturing and engineering, geographic information systems and 3D creation, modelling and rendering software.

“We want to scale up to meet the increasing global demand for our products and services with a key focus on the North American and Asian markets. Cloudalize is uniquely positioned to revolutionise the way companies are working with the GPU-powered DaaS solution from Cloudalize.” explains Benny Willen, CEO and co-founder of Cloudalize. He continued: “Having the financial and strategic support Horizon Vendors validates the market opportunity and fuels our momentum as a company.”

Cloudalize is a prime example of an outstanding European deep-tech company scaling up globally,” says Daniel Michel, Head of Access to Finance at EIT Digital Accelerator. “We are impressed with the growing demand across different countries and industries and are pleased to have supported Cloudalize with this growth phase.”

“Jeffrey, Benny and the team have built a versatile GPU-powered virtualisation platform that is applicable to a wide range of industries and applications. We are excited to work with the Cloudalize team to help fuel the growing demand for GPU usage globally” stated Jonathan Tam from Horizons Ventures.

* Calculated on 17 August 2018

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About Cloudalize

Cloudalize empowers its customers with GPU power on demand so they can run GPU-accelerated applications on any device. Cloudalize’s platform enables on the one hand architecture, engineering and construction companies who struggle to collaborate remotely, securely and efficiently on BIM- compliant projects. On the other hand, the platform also enables software vendors, content creators and even entertainment providers to distribute their GPU-accelerated applications and 3D models instantly via a one-click experience on any device. Request a demo at www.cloudalize.com.

About EIT Digital Accelerator – Access to Finance

The EIT Digital Accelerator comprises a team of experienced business developers and fundraising experts operating from 13 cities across Europe as well as a hub in San Francisco. Since 2012, they have supported more than 260 startups to access new markets and helped them raise about EUR 90 million in investment to date. As part of the Accelerator, the Access to Finance programme opens doors to European and international venture capital funds, helping company founders and CEOs get all-important first meetings with investors seeking to finance fast-growing business opportunities.

About Horizons Ventures

Horizons Ventures, the private investment arm of Mr. Li Ka-shing, is a leading investor in some of the world’s most innovative companies and disruptive technologies including Facebook, Waze, Spotify, Siri, Improbable, and Impossible Foods.