IRIS and Bpifrance back Vates with €30M for global expansion

French virtualization company Vates has raised €30 million from IRIS’ Growth fund and Bpifrance, through its Large Venture fund, amid shifts in the global virtualization market. Changes to licensing models, rising infrastructure costs and increasingly complex architectures are driving demand for platforms that offer performance and cost control while providing interoperability, sovereignty and reversibility. Vates is addressing this shift with an open-source virtualization platform designed to g