Cozy Cloud raises 4 million euros to break into personal cloud

by bold-lichterman

Cozy Cloud, a personal data hosting tool, has just completed a funding round of 4 million euros with Maif, via its investment fund Maif Avenir, and Innovacom. This is the second fundraising for the French start-up after the one carried out in June 2014 to the tune of 800,000 euros.

Founded in 2012 by Benjamin André and Frank Rousseau, before Tristan Nitot (ex-Mozilla) joined the adventure last year, Cozy Cloud is an easy-to-use personal cloud solution. It offers a decentralized open source platform on a personal server installed at home or at a trusted third party (OVH, Online, LWS, Olympe, etc.). In this way, it makes it possible to bring together all of an individual’s personal data (diary, emails, files, bank accounts, detailed invoices, etc.) within a transversal data pool.

Do better than GAFA

In the online storage market, Cozy Cloud faces stiff competition. Google Drive from the Mountain View firm, OneDrive from Microsoft, iCloud from Apple, Dropbox or even Lima are all alternatives to the Parisian start-up.

With this new investment, Cozy Cloud intends to support its growth by accelerating its business development. “We are in a B2B2C logic, so it’s not Cozy who will directly market a turnkey offer. We will go through partners who market personal cloud services online (Editor’s note: large hosts)», Benjamin André explained to Frenchweb last October. According to Cozy Cloud, this tool would allow companies to have a “higher digital privacy than GAFA“. And for good reason, it will no longer necessarily be a giant of Silicon Valley that will host personal data but the user himself, under his own control.

Watch the interview with Benjamin André conducted by Frenchweb in October 2015:

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