Paris-based Cycloid has raised €5 million in a Series A funding round led by Reflexion Capital, increasing its total funding to €8 million. The company, which specializes in sustainable platform engineering, aims to streamline DevOps processes and optimize cloud infrastructure for organizations. With increasing demand for efficient and scalable IT solutions, Cycloid looks to strengthen its position in Europe and expand into North America. The funding follows a previous €3 million investment secured in 2020, reflecting continued investor confidence in its approach.
Cycloid has previously focused on helping businesses adopt cloud and DevOps strategies efficiently while promoting sustainable practices. In recent years, it has partnered with major organizations such as CMA-CGM, Warner Bros., and Alchemy. Compared to earlier stages, the company now emphasizes GreenOps and FinOps principles to ensure cost-effective and environmentally responsible cloud usage. The latest investment marks a strategic move to scale operations further while maintaining its emphasis on automation and accessibility.
How will Cycloid use the funding?
The company plans to use the funds to enhance its market presence in Europe while establishing a stronger foothold in North America. With a team of 25 employees across both regions, Cycloid intends to expand its workforce to meet increasing demand.
Additionally, the funds will support its ongoing collaborations with major firms such as Accenture, Capgemini, and Orange Business. One of its latest partnerships includes working with cloudXcelerate, a DACH-based service provider, to assist businesses in overcoming cloud migration challenges.
What is Cycloid’s approach to platform engineering?
Cycloid focuses on simplifying platform engineering by offering a solution that integrates infrastructure management, automation, and cloud cost optimization. Its platform enables development teams to create internal platforms that reduce complexity and improve efficiency.
According to the State of DevOps 2024 report, building an effective internal portal can take teams of 20 engineers over three years. Cycloid seeks to reduce this timeframe with its GitOps-oriented self-service platform, allowing companies to deploy and manage cloud environments more efficiently.
The company’s commitment to sustainability is evident in its support for GreenOps and FinOps practices. These methodologies help organizations track cloud costs, optimize resource allocation, and minimize their environmental footprint. Cycloid’s platform provides visibility into cloud usage, ensuring businesses can make data-driven decisions to maintain efficiency.
“Self-service IT is about centralizing access to apps, automation, deployment, documentation, cloud, security, FinOps, and GreenOps simply and comprehensively, but portals can take teams years to deliver, and maintenance is complicated and resource-intensive,” said Benjamin Brial, founder of Cycloid.
“In response, our platform brings the ability to create a portal that is up and running in just a few weeks, making infrastructure, tools, and automation accessible to as many people as possible without the requirement to become a DevOps or Cloud expert,” he added.
Cycloid’s expansion efforts highlight a broader trend in the industry where businesses seek solutions that simplify cloud adoption. As companies increasingly prioritize automation and cost efficiency, Cycloid’s offering aligns with these needs. The platform aims to reduce the complexity of managing cloud environments, making DevOps tools more accessible to a wider audience.
With this latest funding, Cycloid is positioned to scale its offerings while maintaining a focus on sustainable IT practices. As demand for cloud-native solutions grows, its ability to provide an efficient and cost-conscious approach will be critical. Organizations looking to streamline their cloud infrastructure while managing costs and environmental impact may find Cycloid’s platform beneficial.
