Swedish startup offers European cloud alternative for US-skeptic firms
As European firms look for more homegrown cloud and AI offerings, Evroc is hoping to disrupt the US Big Tech providers across the pond.
The US has shaped Europe’s economy since the Marshall Plan in 1948, but European financial institutions are now looking for alternatives, driven by security concerns, risk concentration, and the unpredictability of US foreign policy.
US cloud providers Amazon Web Services, Google Cloud, and Microsoft Azure together hold roughly 69% of the cloud infrastructure market share in Europe. The largest European suppliers of cloud, France’s OVHCloud and Germany’s Deutsche Telekom, together hold 13%
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