The company, called Evroc, is planning to build eight hyperscale cloud centers across the continent by 2028. Hyperscale data centers are the largest and most powerful type of data center, and they are used by major cloud providers such as AWS, Microsoft Azure, and Google Cloud Platform. A cloud computing startup backed by private equity firm EQT Partners is seeking to raise €3 billion ($3.1 billion) to challenge Amazon Web Services in Europe.
Evroc is led by former Amazon executive Diego Zuluaga. Zuluaga said that the company is targeting businesses that are looking for an alternative to AWS. He said that Evroc will offer a more reliable and secure platform, as well as lower prices.
The company is still in the early stages of development, but it has already raised €100 million from EQT and other investors. Evroc is hoping to close the €3 billion funding round by the end of the year.
The launch of Evroc is a sign that the European cloud computing market is becoming more competitive. AWS has been the dominant player in the market, but Microsoft Azure and Google Cloud Platform are gaining market share. The launch of Evroc could further shake up the market and give businesses more choices.