Luxemburg-based cloud management no-code platform emma has raised $6 million in Seed funding with an expansion in the US and new hires in the engineering team on the cards.
The round was led by RTP Global, with participation from AltaIR Capital and CircleRock Capital.
emma manages and scales cloud workloads with its end-to-end no-code cloud management platform so companies have no need for additional skilled professionals or coding when it comes to multi-cloud management.
"Most businesses today are turning to multi-cloud to optimise performance and reduce the risk of service disruption. But it's not without its complications. Cloud is rapidly becoming one of the highest spend categories for most companies, especially when you consider the number of different tools required to manage multi-cloud deployments. And there is typically little room to negotiate or reduce those costs. emma gives the power back to the buyer by increasing platform independence, reducing vendor lock-in, and achieving significant cost saving for its customers,” says Jelmer de Jong, Partner at RTP Global.
“We were so impressed by what Dmitry and his team have already achieved and we look forward to partnering with them on their journey to help more companies enjoy the benefits of multi-cloud, without the complexity,” says Jelmer de Jong, Partner at RTP Global,” he adds.
emma is looking 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. It 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.
“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.
“What’s more, when companies build their own network over the internet, providers will charge for incoming and outgoing traffic, for the gateways deployed on the edge of every cloud provider, and for the routers needed to host their data. But with emma’s own multi-cloud networking backbone – the network that physically connects different cloud providers – companies can save three times more than using their own or a provider’s network.”
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