Emma raises USD $17 million to expand cloud platform

Cloud management platform emma has successfully raised USD $17 million in a Series A funding round to bolster its product development and market expansion efforts.

This funding round was led by European venture capital firm Smartfin, with participation from RTP Global and existing investors. The recent investment brings emma's total funding to USD $23 million within the past two years.

Founded in 2019, emma provides a platform that enables organisations to streamline their cloud operations, reduce costs, and improve agility. The platform employs AI-driven automation, real-time analytics, and a comprehensive multicloud management capability that allows businesses to optimise workloads, forecast usage, and manage multicloud strategies effectively.

CEO Dmitry Panenkov stated, "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 capital infusion will enable emma to continue its rapid innovation, introducing new features like AI accelerators, enhanced security, expanded cloud integrations, and more robust automation capabilities. Additionally, emma plans to establish a research and development centre at its Luxembourg headquarters to support ongoing product development and meet the demands of its expanding client base.

Harry Haeck, Partner at Smartfin, remarked, "emma is addressing one of the most critical challenges for modern enterprises: managing and optimising complex multicloud environments. 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."

Jelmer de Jong, CTO at RTP Global, commented, "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."

Since the official product launch in 2022, emma has expanded its client base across multiple sectors, including gaming, fintech, healthcare, and retail. The latest funding is poised to assist emma in broadening its reach into the US market as the demand for multicloud management solutions grows.