Deutsche Boerse has led a number of companies investing $20 million (£13.4 million) in Zimory, a firm which is set to provide the cloud management tools for the German trading platform's Cloud Exchange, launching next year.

Last week Deutsche Borse announced that it would be the first to launch a trading platform for infrastructure as a service (Iaas) cloud resources, allowing suppliers and customers to buy and sell capacity in the same way commodities are traded on traditional markets.

In its announcement, the trading firm said that it would be using cloud management tools from Zimory to enable customers to procure cloud resources through its open source Cloud Brokerage interface.

Zimory has now announced that it has received a total of $20 milion in its latest funding round, which has been led by Deutsche Borse, as well as other investors such as Creathor Venture; High-Tech Gruenderfonds (HTGF); IBB Beteiligungsgesellschaft (IBB); KFW; and T-Venture.

Zimory, founded in 2007, is said to have "quadrupled" its revenues in the past year, and has recently launched a US subsidiary.

"We're delighted with Deutsche Boerse's involvement as an investor, and as a business partner for Zimory," said Dr. Hagen Hultzsch, Zimorys chairman. "Zimory's technology is a world-leading cloud product.

"The capital received from this financing will continue driving forward its international expansion, and building the vendor-neutral management platform for the cloud services marketplace."