Cloudalize raises €5 million in Series A funding led by Horizons Ventures

21/08/2018

Cloudalize, a cloud platform for running GPU-accelerated applications, has secured a €5 million funding round. It will enable the Belgian scaleup to expand its global footprint to the US and Asia. The funding round has been supported by the EIT Digital Accelerator.

 

Benny Willen, CEO & Co-Founder (left), Jeffrey Meesemaecker, CTO & Co-Founder (right) © Jonas Lampens

Cloudalize’s founders Benny Willen (left) and Jeffrey Meesemaecker (right) © Jonas Lampens

Ghent (Belgium), 21 August 2018 ​– Cloudalize has secured €5 million in a Series A round of funding led by the Hong Kong-based investor Horizons Ventures. Cloudalize empowers its customers with GPU (graphics processing unit) power on demand so they can run GPU-accelerated applications on any device. The platform enables architecture, engineering and construction companies to collaborate remotely, securely and efficiently on BIM-compliant projects. It also allows software vendors, content creators and even entertainment providers to distribute their GPU-accelerated applications and 3D models instantly on any device with a single click.

 

International expansion to US and Asia

The funding will enable Cloudalize to expand its sales network in the US and Asia and to recruit more technology specialists. “We want to scale up to meet the increasing global demand for our products and services with a key focus on the US and Asian markets,” explains Benny Willen, CEO and co-founder of Cloudalize. “Cloudalize is uniquely positioned to revolutionise the way companies are working or selling with the help of GPU-accelerated applications.”

“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.”

GPU power-on-demand is a real necessity in today’s world

Cloudalize’s solution is particularly relevant for architecture, engineering and construction companies who need a pay-per-use, flexible, managed IT infrastructure without compromising on security, mobility, collaboration and 3D design abilities.

For real estate players, the solution helps to improve the sales experience by guiding customers through a virtual model of the building yet to be built. “The real estate space is becoming rapidly digitised because stakeholders have understood that customers expect photorealistic and interactive visualisations of their future purchase, explains Benny Willen.

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.

Cloudalize will soon launch a new offering targeted at companies who need scalable computing resources for artificial intelligence, transcoding or other similar purposes.

Building a global market leader with best-in-class partners

“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,” says Jonathan Tam from Horizons Ventures.

We are very excited to welcome Horizons Ventures as new investors. Having the financial and strategic support of this sophisticated investor both validates the market opportunity and fuels our momentum as a company,” says Benny Willen.

This capital round is also driven by Cloudalize’s earlier key partnerships with companies like Nvidia and Epic Games. Cloudalize is a preferred cloud service provider partner of Nvidia which publicly acknowledged the superiority of its technology. Cloudalize teamed up with Epic Games to enable enterprise customers to access their Unreal Engine 4-based content on any device.

Founded in 2011, the Cloudalize team is composed of 24 highly skilled engineers and experts and is still expanding rapidly. The company has previously raised €4.5 million in capital.

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 €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.