Scaleway Featured in Bloomberg: Seizing Europe’s Big Tech Moment
In a recent Bloomberg article, Scaleway CEO Damien Lucas highlighted the shifting landscape of European cloud, driven by growing concerns over U.S. dominance and geopolitical risks.
Lucas noted that “every single innovation in the European Union ends up paying a fee to those US giants,” as Amazon, Microsoft, and Google currently control over 75% of the European cloud market. In contrast, companies like France’s Scaleway, Italy’s Aruba SpA, and OVH Groupe SA are emerging as vital European alternatives.
Backed by parent company Iliad’s €3 billion investment in cloud and AI infrastructure, Lucas is accelerating expansion into cities like Stockholm and Milan and closing the gap with major U.S. providers. “We have about 10% to go to cover all the bigger rivals’ cloud services,” he said.