Orange Ventures Invests in Cloud-Native Service Provider Weaveworks
December 08 2020 - 12:54PM
Dow Jones News
By Mauro Orru
Orange said Tuesday that its venture-capital fund Orange
Ventures, along with other telecommunication companies and
investors, has invested in cloud-native service provider Weaveworks
Inc.
The French telecommunication company said Weaveworks received
$36.65 million as part of a funding round from Orange Ventures,
Deutsche Telekom AG, Ericsson AB, Amazon.com Inc.'s subsidiary
Amazon Web Services and Sonae SGPS SA's technology investment arm
Sonae IM.
The round also includes funds from historic investors such as
Alphabet Inc.'s GV, Accel and Redline Capital Management.
Weaveworks will use the funds to improve its GitOps-powered
Kubernetes platform and expand its reach for telecommunication
companies and other enterprises.
"As global telcos ramp up to deliver high-speed 5G applications
and services, and enterprises build and operate cloud-native
applications, the need for a reliable, secure and standards-based
operating model is more important than ever," Remi Prunier,
investment principal at Orange Ventures, said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
December 08, 2020 12:39 ET (17:39 GMT)
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