OpenNebula Systems is the Madrid company that maintains OpenNebula, an open source platform for running private and hybrid clouds that began as a research project in 2005, according to Wikipedia. In the EIC SME Instrument Phase 2 cut-off of 5 June 2019, the Horizon 2020 pilot that later became the EIC Accelerator, it was selected for ONEedge, "a software-defined edge computing solution", according to the European Commission's list of selected companies. The grant was signed on 30 September 2019, and the project ran from 1 November 2019 to 31 March 2022, with an EU contribution of €1,500,614.50 towards a total cost of €2,143,735, according to CORDIS. OpenNebula Systems is the only company named for the project in the Commission's list.
The company described the award differently. Its announcement of 27 September 2019 said it "was awarded €2.1M" from the SME Instrument, a figure repeated by CB Insights as a grant from the EIC. That amount matches the total project cost on CORDIS, not the EU grant, which covered 70% of it.
Company file
- Legal entity
- OpenNebula Systems SL, NIF B85929941, Registro Mercantil de Madrid
- Incorporated
- 12 March 2010 as C12G Labs SL, renamed in October 2014
- Registered office
- Parque Empresarial La Finca, Pozuelo de Alarcón (Madrid)
- Directors
- Ignacio Martín Llorente and María Carmen Pineda Díaz, joint directors since November 2024
- Share capital
- €18,000
- Known investors
- None found; no equity round is public
- EIC project
- ONEedge, June 2019 cut-off, grant only, CORDIS 880412
- Staff
- Not in public filings; aggregator figures conflict
Where OpenNebula Stands Now
The company is active. The Spanish Mercantile Register shows no insolvency or dissolution, lists filed accounts for each year from 2020 to 2024 and a change from a sole director to two joint directors on 21 November 2024, according to Empresia, which reprints the register's BORME notices; North Data lists the same directors, the former name C12G Labs SL and the same address. Neither shows an insolvency, liquidation or capital change.
Its press release list shows 12 announcements in 2026 up to the end of September, including OpenNebula 7.2 in April and 7.4 in July, partnerships with SUSE and NetApp, and NVIDIA validation. On 12 August 2026 it announced a collaboration with Nokia to integrate Nokia's data centre networking with OpenNebula for European "AI factories", reported independently by Cloud News. The edge computing that the EIC funded is still part of the pitch, but the headline products in 2026 are sovereign cloud and AI infrastructure.
The Technology: One Control Plane for Scattered Servers
Edge computing moves processing out of large central data centres and onto smaller sites close to users, devices and sensors, so that games, video, telecom functions and IoT applications respond faster. The ONEedge proposal argued that existing edge platforms "require building and maintaining extremely heavy, expensive and complex deployments", and promised "an automated software-defined platform to build private edge computing platforms based on resources leased on demand", according to the CORDIS objective.
In practice, a company runs one OpenNebula management front-end and uses it to rent bare-metal servers from cloud, edge and telecom providers in many locations, install them automatically as "edge clusters", and run virtual machines, containers and Kubernetes on them as one cloud. The final CORDIS report lists the parts: automatic provisioning with drivers for the main cloud and edge providers, hyperconverged storage, VXLAN and EVPN networking between sites, Kubernetes deployment, support for AWS Firecracker microVMs, a new monitoring system "able to scale to thousands of physical hosts", and a new web interface, FireEdge. The difference from the hyperscalers' own edge offerings is neutrality: the same control plane spans several providers and on-premise sites, which the report presents as a guard against vendor lock-in.
The project's own site lists the demonstrations: a gaming deployment across 17 locations, a telecom edge cloud, an IoT set-up with AWS IoT Greengrass across 15 locations, live broadcasting, desktop virtualisation and multi-cluster Kubernetes. The 17-location gaming demonstration predates the grant: the company announced it on 25 April 2019, six weeks before the cut-off, according to its press release list, which fits the proposal's statement that "a first prototyped version" already existed.
What ONEedge Promised, and What CORDIS Records
The proposal set two kinds of goals. The technical one was to bring ONEedge "to industrial readiness and maturity for market introduction". The commercial one was a projection of "a €22m cumulative turnover and the creation of 69 new jobs during the first 3 years after the commercialization of the innovative product", against an edge market it put at "$2.0 billion by 2022", according to CORDIS.
The technical goal was met inside the normal OpenNebula product. The final report, for the period to 31 March 2022, says the ONEedge components were released in four versions of the standard distribution: OpenNebula 5.12 "Firework", 6.0 "Mutara", 6.2 "Red Square" and 6.4 "Archeon". The company's press releases confirm 5.12 in June 2020, 6.2 in November 2021 under the headline "Brings Vendor Neutrality to the Edge and Hybrid Cloud", and 6.4 in May 2022 with "On-Demand HCI on Hybrid and Edge Cloud". The project ended on its scheduled date.
The market product is the weaker part. The report names Edgify, a hosted "Edge-as-a-Service" in which OpenNebula runs the management front-end for the customer, as the project's commercial result. OpenNebula announced Edgify on 12 January 2022 as a "technology preview", and its product page still says in October 2026 that it is "currently available as a technology preview service for evaluation and PoC purposes after a demo meeting". No customer of Edgify has been announced. The company registered "OpenNebula ONEedge" and "Edgify" as trademarks in October 2019 and March 2020, according to North Data.
- Edge features in the OpenNebula distributionDeliveredFour releases, 5.12 to 6.4, per the CORDIS report.
- Demonstrations in industrial use casesDeliveredGaming, telecom, IoT, broadcasting and others listed on oneedge.io.
- Market introduction of the edge servicePartlyEdgify still a technology preview in 2026; no customer announced.
- €22M cumulative turnover in three yearsNot announcedNo revenue figure published; Empresia puts annual sales at €1M to €2.5M.
- 69 new jobsUnverifiedNo headcount published; 200% team growth claimed for 2024.
The Money and the Growth Claims
OpenNebula Systems has no public equity round. CB Insights lists a single funding event, the 2019 EIC grant, and no investors other than the EIC; the EIC Fund portfolio does not include the company, which fits an award that was grant only. Its share capital is still the €18,000 set at incorporation in 2010, according to Infonif and Empresia.
The company's figures are hard to check. Spanish accounts are filed with the register, but the free summaries do not show them in full. Empresia places the company's annual turnover "between 1,000,000 and 2,500,000 euros", without saying which year that refers to; its latest filed accounts are for 2024. Free sources disagree on the number of staff and none cites a filing. Against this stands the company's own account: in its review of 2024, Ignacio M. Llorente wrote that OpenNebula had "expanded our global team by an impressive 200% this year" and that commercial deployments brought "a revenue increase of over 50% compared to 2023". Its review of 2025 gives no numbers but says it is still hiring and employs people of 22 nationalities. None of these figures can be matched to the filed accounts from public sources, and the €22 million turnover projected for the three years after launch has not been reported anywhere.
What changed the business
Much of what OpenNebula has publicised since 2024 concerns companies leaving VMware after Broadcom changed its licensing. UK financial cloud provider Beeks Group moved most of its 20,000-plus virtual machines to OpenNebula after a VMware bill "ten times" higher, according to The Register; heise also reported that Beeks, which runs 20,000 virtual machines, switched to OpenNebula after a tenfold price increase. That is OpenNebula's core cloud product, not the edge service.
Public research money has continued to flow. CORDIS and North Data list OpenNebula in at least eight further EU projects since ONEedge, including COGNIT, a serverless cloud-edge framework it coordinates with an EU contribution of €1,334,210, and EURO-3C, a telco-cloud-edge project starting in July 2026 with €997,500 for OpenNebula, according to CORDIS and CORDIS. In February 2024 it announced ONEedge5G, an 18-month project with "more than 1.8 million euros" from Spain's NextGenerationEU-funded UNICO 6G programme to apply AI to 5G edge clouds, according to EIN Presswire. Its name echoes the EIC project.
Why Europe Cares About This Code
OpenNebula's edge work fed directly into the EU's largest cloud programme. In December 2023 the Commission approved the IPCEI on Next Generation Cloud Infrastructure and Services (IPCEI-CIS), with up to €1.2 billion of state aid expected to unlock €1.4 billion of private investment, and OpenNebula Systems became one of three Spanish direct participants, building a "Next-Generation European Platform for the Datacenter-Cloud-Edge Continuum", according to the company. In June 2024 Spain allocated €111 million to the projects of Telefónica, OpenNebula and Arsys, with OpenNebula's project to create open source software for deploying cloud-edge instances in a European cloud, according to esmartcity and the Spanish digital ministry. OpenNebula's own share of the €111 million has not been published.
Out of that work came Virt8ra, a federated "sovereign edge cloud" coordinated by OpenNebula and launched in January 2025 with Arsys, BIT, Gdańsk University of Technology, Infobip, IONOS, Kontron, Mondragon and Oktawave across six member states, according to Invest in Spain and TelecomTV. The fit with EU policy is direct: the IPCEI-CIS aims for 75% cloud adoption among EU companies and more than 10,000 edge nodes across Europe by 2030, as OpenNebula's IPCEI announcement sets out, and that needs European-controlled management software as well as hardware.
What the proposal said
An edge platform ready for market, €22M in cumulative turnover and 69 new jobs within three years of launch.
What the record shows
Edge features shipped in four releases and reused in IPCEI-CIS and Virt8ra; the paid Edgify service is still a preview, and no turnover or job figures are public.
The Verdict
Code delivered, product not launched
ONEedge did what an open source grant can do well: it put working edge features into a widely used European cloud platform, on schedule. The standalone business it promised, a hosted edge service earning €22 million in three years, has not appeared. The growth OpenNebula has publicised since 2024 is tied to VMware migrations, sovereign cloud and public projects, not to Edgify.
OpenNebula Systems and the EIC have not been asked for comment for this article. It is based on public records and published statements, linked throughout.
Sources
- Wikipedia, OpenNebula
- CORDIS, ONEedge fact sheet
- CORDIS, ONEedge periodic report
- European Commission, SME Instrument Phase 2 selected companies, June 2019
- OpenNebula, SME Instrument award announcement, September 2019
- CB Insights, OpenNebula funding
- ONEedge project site
- OpenNebula, Edgify announcement, January 2022
- OpenNebula, Edgify product page
- OpenNebula, press releases
- Empresia, OpenNebula Systems SL register extract
- North Data, OpenNebula Systems SL
- Infonif, OpenNebula Systems SL
- EIC Fund, invested companies
- OpenNebula, 2024 review
- OpenNebula, 2025 review
- The Register, Beeks Group leaves VMware, December 2024
- heise, Broadcom loses another VMware customer
- CORDIS, COGNIT fact sheet
- CORDIS, EURO-3C fact sheet
- EIN Presswire, ONEedge5G award, February 2024
- OpenNebula, IPCEI-CIS approval, December 2023
- esmartcity, three Spanish IPCEI-CIS projects, June 2024
- Spanish Ministry for Digital Transformation, IPCEI-CIS press release, June 2024
- Invest in Spain, Virt8ra launch
- TelecomTV, first sovereign edge cloud for Europe
- Cloud News, OpenNebula and Nokia, August 2026
