Cycloid Raises €5 million Series A to Accelerate Sustainable Platform Engineering Growth
PARIS, FRANCE - 18 February 2025 - Cycloid, the leader in sustainable platform engineering, has raised €5 million Series A financing to capture global demand for its engineering platform. The round was led by Reflexion Capital, pioneers in financing profitable technology companies, with participation from five French angel investors, bringing total funding to €8 million.
Platform engineering is a movement that addresses growing multicloud complexity and the need for organization-wide scalability, self-service and automation capabilities by enabling development teams to build internal platforms that deliver a frictionless developer experience with minimum overhead. The challenge, according to the State of DevOps 2024, is that it takes a team of 20 people and just over 3 years to develop a portal that effectively delivers these benefits for an organization.
Founded in 2015 by former Red Hat Cloud executive, Benjamin Brial, Cycloid is a pioneer in sustainable platform engineering with a mission to deliver change through the smarter, more efficient use of resources and the ability to establish a culture of digital sobriety—both financial and environmental—that flows through an organization. Its user-friendly self-service portal optimizes the integration of platform engineering practices to alleviate the cognitive load on IT teams through the creation of reusable developer self-service flows that abstract away complex DevOps processes.
In recent months, Cycloid has seen considerable international demand for its services which enable users to interact with DevOps and cloud automation tools without requiring them to become technical experts, and brings easily repeatable FinOps and GreenOps practices that ensure cloud resources can be managed more efficiently to minimize environmental impact. With embedded cloud cost and carbon footprint tools embedded within the platform, Cycloid delivers a holistic view of cloud consumption and automation processes across multiple cloud environments.
“Self-service IT is about centralizing access to apps, automation, deployment, documentations, cloud, security, FinOps and GreenOps simply and comprehensively, but portals can take teams years to deliver, and maintenance is complicated and resource intensive,” explains Brial. “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. We are delighted today to announce this new round of funding, which confirms the relevance of our mission and our approach to transforming the more sustainable long term use of cloud and DevOps practices.”
Following an initial round of €3 million in 2020, the new Series A funding will be used to strengthen the company’s position in Europe, in addition to supporting its expansion into North America. The company currently has employees located across Europe and North America, and counts major organizations such as Alchemy, Amenetiz and Warner Bros as customers, in addition to partnering with systems integrators/ managed service providers such as Accenture, Capgemini, Orange Business, Sopra Steria, and Teamwork Arrow. Cycloid recently signed a strategic partnership with cloudXcelerate, the DACH-based services provider to bring its platform to businesses challenged with cloud migration problems in the region.
About Cycloid
Founded in 2015, Cycloid is a company specializing in sustainable platform engineering, which promotes the optimization of infrastructure and software delivery processes in organizations, while integrating the principles of digital sobriety. Thanks to its innovative platform and self-service portal, Cycloid simplifies collaboration among IT teams and promotes responsible practices such as GreenOps and FinOps. With a technology lock-free, GitOps-oriented approach, Cycloid helps businesses make their cloud and DevOps projects more efficient, sustainable, and cost-effective.
About Reflexion Capital
Created in early 2020 by Nicolas MEUNIER, Reflexion Capital invests amounts between €3 and €5m in innovative B2B companies, choosing sustainable growth after having demonstrated the relevance of their offer on the market. Reflexion Capital brings together, through its fund and its proprietary club deals, a committed community of entrepreneurs, company directors and entrepreneurial family offices, to support the dynamic development of funded investments. The company's portfolio currently amounts to 10 participations: Crowdsec (Saas Cybersecurity), Getfluence (Marketplace Marketing), Mytower (Saas Supply Chain), Homeland (Saas Proptech) and ThePackengers (Saas Logistics), Hiway (Freelance as a Service), Phocea DC (Data Centers), Zest (SaaS HR), Arenametrix (SaaS CRM & Data Marketing), Cycloid.io (Saas platform engineering).