Cycloid, a Paris-based software company specializing in platform engineering, has raised €5 million in a Series A funding round. The round was led by Reflexion Capital and supported by five French angel investors, bringing Cycloid's total funding to €8 million. The new investment aims to strengthen the company's position in Europe and support its expansion into North America.

Enhancing Software Delivery Through Platform Engineering

Founded in 2015 by Benjamin Brial, a former Red Hat Cloud executive, Cycloid provides a comprehensive engineering platform designed to streamline software development and delivery. The platform simplifies access to infrastructure and automation tools through a user-friendly self-service portal. By eliminating the need for deep technical expertise, Cycloid enables organizations to accelerate project deployment and enhance operational efficiency.

Addressing Challenges in Platform Engineering

Platform engineering focuses on building internal developer platforms (IDPs) that improve software deployment and operational workflows. Cycloid’s solution addresses the complexity of multi-cloud environments by providing a scalable, centralized approach to managing cloud resources. The platform integrates service catalogs, roles, and permissions, ensuring secure and compliant access to essential tools and applications.

Commitment to Sustainability and Efficiency

Cycloid is dedicated to promoting sustainable cloud and DevOps practices through its GreenOps and FinOps initiatives. By optimizing cloud usage and reducing operational overhead, the company helps organizations manage their resources efficiently while minimizing environmental impact. The platform also includes features for tracking cloud costs and carbon footprints, providing businesses with insights into their sustainability efforts.

Strategic Partnerships and Client Base

Cycloid collaborates with major industry players such as Accenture, Capgemini, Orange Business, Sopra Steria, and Teamwork Arrow. The company also serves well-known clients, including CMA-CGM, Alchemy, Amenetiz, and Warner Bros. Recently, Cycloid partnered with cloudXcelerate, a DACH-based service provider, to assist businesses in overcoming cloud migration challenges.

Scaling Operations and Future Growth

The newly secured funding will enable Cycloid to expand its operations and reinforce its market presence in Europe and North America. With a team of approximately 25 employees, the company is positioning itself to meet the growing demand for platform engineering solutions. By accelerating the adoption of self-service IT portals, Cycloid aims to transform infrastructure management and software delivery on a global scale.

Cycloid’s latest funding round marks a significant milestone in its mission to simplify platform engineering and enhance software delivery efficiency. By offering a flexible and sustainable solution, the company is empowering businesses to navigate the complexities of cloud and DevOps with ease. As demand for scalable and environmentally responsible IT solutions grows, Cycloid is poised to play a pivotal role in shaping the future of platform engineering.