The Fabric, a pioneer in co-creating US-based cloud and IoT infrastructure companies, has announced a collaboration with EVO Venture Partners to build venture-backed startups in Europe. Through this strategic partnership, EVO Venture Partners has invested capital into The Fabric, and through its European-based data centers, it will provide incubation and product trials for companies that they co-create together.
“We are expanding our footprint into Europe with this strategic investment and partnership,” said Prabakar Sundarrajan, Chief Strategist and co-founder of The Fabric who also co-founded Ankeena Networks – a company that was acquired by Juniper Networks. “Partners bring tremendous expertise in developing IT companies as well as valuable data center resources on the ground in Europe that will enable us to work collaboratively with our portfolio of co-created companies in markets there. We look forward to exploring how our partnership will evolve over time as we expand our reach into the cloud market in Europe.”
Launched in 2012 by Rajan Raghavan, Prabakar Sundarrajan, and Sumant Mandal, The Fabric has a team of company creators who deeply collaborate with entrepreneurs to help them grow from concept to company. The Fabric would a unique approach of co-creating, funding and launching companies in the cloud and IoT infrastructure space. Based in Mountain View, The Fabric has raised over $41 million and has launched eight companies up until now including VeloCloud, Perspica, Appcito, IoTium, Pensa, Spanugo, KMesh, and Rosetta Cyber Security.
Early Stage IT Infrastructure Startups
“Over the past several years, we’ve gained significant traction in developing innovative IT companies that serve the European market,” said Dennis Bruin, Managing Partner of EVO Venture Partners and an experienced cloud and data center technology entrepreneur. “We’re looking forward to expanding our reach through our strategic partnership with The Fabric to entrepreneurs and cloud companies in Silicon Valley and the US market as well as provide support for its co-created companies in Europe.”
EVO Venture Partners teams with founders of early stage IT infrastructure startups to guide them towards a successful Series A investment. The company invests in “game changing” early stage startups in software based infrastructures, specifically in backup, security, storage, virtualization, networking and cloud. Based in Amsterdam, San Francisco, Seattle and Singapore, EVO Venture Partners would add value through knowledge, network and experience in addition to seed capital.