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On 5 December 2023, the European Commission approved the IPCEI on Next Generation Cloud Infrastructure and Services (IPCEI-CIS). A total of 19 companies from seven member states (France, Germany, Hungary, Italy, the Netherlands, Poland, and Spain) are participating in this project. IPCEI-CIS is the first IPCEI in the cloud and edge computing domain. It concerns the development of the first interoperable and openly accessible European data processing ecosystem, the multi-provider cloud to edge continuum. It will develop data processing capabilities, and software and data sharing tools that enable federated, energy-efficient and trustworthy cloud and edge distributed data processing technologies and related services. The innovation provided by IPCEI-CIS will enable a new spectrum of possibilities for European businesses and citizens, advancing the Digital and Green transition in Europe. The seven Member States will provide up to €1,2 billion in public funding in the coming years, which is expected to unlock an additional €1,4 billion in private investments.

Website https://competition-policy.ec.europa.eu/state-aid/ipcei/approved-ipceis/cloud_en
Revenue $71.6 million
Employees 2 (0 on RocketReach)
Founded 2024
Industry Technology, Information and Internet

IPCEI Cloud Questions

The IPCEI Cloud annual revenue was $71.6 million in 2026.

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