Vates

Vates SAS is registered in Grenoble under SIREN 752 155 259 and was founded in 2012. It develops XCP-ng, a type-1 Xen hypervisor hosted by the Linux Foundation under the Xen Project, and Xen Orchestra, the AGPLv3 management plane that sits on top of it. The two are sold together as Vates VMS.

The company is a plain SAS rather than a single-shareholder SASU, and its three officers are natural persons, so no holding company sits above it. It was self-funded from 2016 until October 2026, when it raised 30 million euro from IRIS and Bpifrance Large Venture — both European, with the co-founders explicitly remaining majority shareholders. Its general conditions name Vates SAS as the contracting party, are governed by French law, and give exclusive jurisdiction to the commercial court of Grenoble. The company reports around 150 staff, more than 1,000 customers and roughly 90 per cent of revenue from exports.