Luxembourg-based emma, a cloud management platform, announced on Monday, that it has secured $17M (approximately €16.2M) in a Series A funding round led by Smartfin, with participation from RTP Global and existing investors.
The funding comes over a year after raising $6M (approximately €5.7M) in the Seed round in March 2023, bringing total funding to $23M (approximately €21.9M) within two years.
Fund utilisation
The funding will help improve product development, speed up marketing efforts, and enhance customer support to meet the rising demand for effective cloud management solutions.
The capital injection will also allow the company to bring new features to the platform, including AI accelerators, enhanced security, broader cloud integrations, and more robust automation capabilities.
Additionally, the company intends to establish a research and development centre at its headquarters in Luxembourg to support product development and address the increasing demands of its growing customer base.
emma: Streamline cloud operations
Founded in 2019, emma enables organisations to streamline cloud operations, reduce costs, and improve agility through its intuitive platform.
The platform combines advanced AI-driven automation, real-time analytics, and comprehensive multi-cloud management capabilities, allowing teams to gain full visibility and control over their cloud environments.
emma simplifies cloud ecosystems, helping businesses optimise workloads, predict usage, and manage multi-cloud strategies for better resource allocation and financial planning.
CEO, Dmitry Panenkov comments, “At emma, we’re shaping the future of cloud operations. As businesses grow, they need the freedom to scale across any provider without limitations. We’re building the standards to make cloud-agnostic operations a reality. This funding accelerates our mission to give companies the control and flexibility they need to optimise across all environments.”
The investor
Smartfin is a European venture and growth capital investor, managing over €600M in assets and investing in early and growth-stage B2B technology companies. Smartfin has an open-ended investment philosophy and invests throughout Europe and the United Kingdom.
“emma is addressing one of the most critical challenges for modern enterprises: managing and optimising complex multi-cloud environments,” says Harry Haeck, Partner at Smartfin.
“By combining automation, cost visibility, and actionable insights into a single platform, emma offers a unique approach to cloud management, enabling businesses to focus on innovation instead of infrastructure. At Smartfin, we are proud to partner with a transformative company that is leading the way in smarter, more agile cloud strategies for enterprises worldwide,” adds Haeck.
RTP Global is an early-stage venture capital firm. Since 2000, RTP Global has made over 110 investments worldwide, with one in 10 becoming multi-billion dollar companies and one in 20 publicly trading at over $10B.
Jelmer de Jong, CTO at RTP Global, says, “More businesses are turning to multicloud solutions than ever before as they reassess what is best for their workload. emma’s holistic platform empowers customers to create a cloud environment that best reflects their needs, allowing them to work with any provider and environment without compromise. We see the impact the company is making in the market through the platform’s continued growth since Seed funding and look forward to maintaining our relationship as emma continues to enhance its offering even further.”
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