Yesterday, was the day that brought Malta one step closer to becoming the Silicon Valley of the Mediterranean. Two global leaders, in funding and in hybrid cloud data respectively, have opted to base their companies in Malta.
Starting off with a talk from their CEO Serguei Beloussov about the vision of the companies and why they opted to choose our country; ending with Prime Minister Joseph Muscat expressing the benefits of bringing such big-players to the island and the vision of the country.
“There is one added crucial factor that brings us here together today. We share the same vision for Malta – that of becoming a hub for technological innovation. The government is embracing new disruptive technologies and wants Malta to become a leader in new technology in Europe. – PM Joseph Muscat
Acronis sets the standard for hybrid cloud IT data protection through its backup, ransomware Active Protection, disaster recovery and secure file sync and share solutions; with over 5,000,000 consumer customers.
On the other hand, Runa Capital was started by a group of successful serial IT entrepreneurs, each with significant experience in building companies and has since become a leading Global VC firm with European roots. Currently have over $350M under management in fund II.
Why would they pick Malta?
Apart from being a stepping stone to the rest of Europe, we are a fast growng innovation and startup community. Malta also has a strong and growing economy with political stability and EU compliant legislation and regulation.