Eco4Cloud, a spin-off of CNR based in Rende, Italy, develops a bio-inspired intelligent software platform aimed at improving the economics of virtualized data centers by reducing energy bills and increasing efficiency. The company’s solution has been tested in Telecom Italia’s data centers in 2013. Eco4Cloud reports that its platform can reduce data-center energy needs by up to 60%. The product targets operators of virtualized data centers seeking lower operational costs and improved efficiency. The company has existing investors Principia and DPixel and recently received additional funding. The business remains focused on deployment and commercial validation with large operators. Eco4Cloud has developed a technology aimed at delivering significant energy savings in data centers by leveraging cloud computing to increase efficiency and guarantee high quality of service for hosted applications. The company is based in Cosenza, Italy, and is a start-up of Università della Calabria. It is hosted in the Technest incubator. Eco4Cloud was founded by CEO Raffaele Giordanelli, CTO Giuseppe Papuzzo, and Carlo Mastroianni and Agostino Forestiero. According to the article, the company has raised €2.3m in funding to support its development. The article does not specify revenue, user metrics, or the financing instrument used.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2014