# Gridscale

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gridscale

- Industry: Software
- Headquarters: Cologne, Germany
- Website: www.gridscale.io
- Total disclosed funding: $8M
- Latest round: Series A (Feb 1, 2019)
- Investors on record: 4

## About

Gridscale GmbH specializes in providing a comprehensive suite of cloud infrastructure solutions tailored for both private and public cloud environments, emphasizing scalability and cost-efficiency.Founded in 2014 in Cologne, Germany, Gridscale GmbH delivers cloud infrastructure solutions that streamline data center management. Co-founded by Edward Zheng, Michael Balser, and Torsten Urbas, the company has raised a total of EUR 7.000 mn through 4 funding rounds, with the latest being a Series A round amounting to EUR 7.000 mn on August 4, 2023. The company’s current valuation stands at EUR 23.135 mn. The latest funding round was backed by EnBW New Ventures, Endeit Capital, Enjoy Venture, and High-Tech Gründerfonds.Gridscale offers a robust range of cloud infrastructure solutions for both private and public environments. Their core offerings include fully managed services that automate data centers, focusing on scalability, cost-efficiency, and hyper-convergence. Their key products consist of virtual machine provisioning, managed Kubernetes, managed databases, and object storage solutions, designed to help businesses deploy, manage, and scale applications efficiently. Their solutions cater to small and large enterprises across various sectors, including technology, finance, and healthcare, with particular appeal in European markets where data protection regulations are stringent.Gridscale's revenue model is based on a pay-as-you-grow framework, enabling seamless scaling of cloud resources with transparent costs. Customers typically engage in subscription agreements, allowing flexible resource allocation tailored to workload demands. Their managed services include automated backups and load balancing, ensuring high availability for client applications. Pricing plans are tiered based on resource utilization, such as processor power and storage capacity, facilitating direct engagement with enterprise clients.The most recent acquisition of Gridscale GmbH by OVH Groupe SAS in August 2023 aims to accelerate geographical expansion and entry into the edge computing market. The funding from this acquisition will support the development of new products and services, although specific upcoming launches have not yet been disclosed. Gridscale is expected to leverage its expertise to enhance its offerings in the rapidly evolving edge computing space.

## Funding rounds

- Series A, Feb 1, 2019, $8M — Enjoy Venture, High-Tech Gruenderfonds, Endeit Capital, EnBW New Ventures
- Seed, Aug 23, 2016 — Enjoy Venture, High-Tech Gruenderfonds

## Investors

- Enjoy Venture (https://capitalatlas.ai/funds/enjoy-venture) — Seed, Series A
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series A
- Endeit Capital (https://capitalatlas.ai/funds/endeit-capital) — Series A
- EnBW New Ventures (https://capitalatlas.ai/funds/enbw-new-ventures) — Series A