No-code cloud management platform emma has raised $6m in seed funding to further develop its platform and boost team size, driving expansion in North America.
The funding round, which was led by RTP Global, with participation from AltaIR Capital and CircleRock Capital, will also help the firm expand its engineering team and speed up its development pipeline in order to launch new features in 2023.
“Companies in the US are struggling to manage their cloud environments, with many using six or seven tools to manage just two cloud providers,” said CEO and founder Dmitry Panenkov, adding: “And we can help them streamline this down to just one application. We’ll be expanding our team in the States over the coming months as we look to scale across the country.”
Founded in Luxembourg 2019 and launched in November 2021, emma (enterprise multicloud management application) aims to make cloud resources as easy to access as electricity or the internet. It’s an end-to-end, no-code cloud management platform that enables organisations to unlock all benefits of multi-cloud without the usual complexities and security risks associated with multi-cloud operations by giving customers access to cloud providers through a single interface.
The solution responds to a growing trend whereby businesses move to multi-cloud operations to meet objectives because of their reliability and scalability and effectiveness in supporting digital transformation efforts.
emma’s solution features a machine learning algorithm that analyses the behaviour of a company’s workloads and applications, predicts future cloud spending, and recommends actions to reduce this.
Among the new features it will add this year will be infrastructure as code, agnostic transfers, and autoscaling for managed services across different cloud service providers. emma also plans 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.