emma, a Luxembourg-based cloud management no-code platform, raised $6 million in Seed funding to grow its engineering team and speed up its development pipeline.
The round was led by RTP Global, with participation from AltaIR Capital and CircleRock Capital.
The investment will be used to develop the emma platform further and increase the size of emma’s team allowing it to serve customers on both sides of the Atlantic.
“Unlike other multi-cloud management applications, emma provides a range of features including micro-services, security, and network management in a single platform. And that’s not our only point of difference. For example, our recently released machine learning algorithm analyses the behaviour of a company’s workloads and applications, predicts future cloud spending, and recommends actions to reduce this. In fact, the average saving has risen from between 25 and 30 percent to 45 percent since its launch,” says Dmitry Panenkov, CEO and founder of emma.
It plans to launch several new automation-related features this year, including infrastructure as code, agnostic transfers, and autoscaling for managed services across different cloud service providers.
emma is also planning to improve the existing native connectors to its customers’ private clouds, allowing them to seamlessly scale workloads from private to public clouds, and avoid overheads in their hardware environments.
Company: emma technologies S.a.r.l.
Round: Seed Round
Funding Month: March 2023
Lead Investors: RTP Global
Additional Investors: AltaIR Capital and CircleRock Capital
Company Website: https://emma.ms/
Software Category: Cloud Management Solution
About the Company: emma is an end-to-end, no-code cloud management platform that simplifies the deployment, management, and scaling of clusters, applications, and virtual machines. Its platform enables organizations to unlock all benefits of multi-cloud without the usual complexities and security risks associated with multi-cloud operations. With its official product release in 2021, the company provides a unified and comprehensive platform that enables organizations to design, manage, and optimize their virtual environments in an easy and cloud-agnostic way.