In a bold step toward transforming how businesses manage cloud infrastructure, Luxembourg-based startup emma has raised $17 million in a Series A funding round. Led by Smartfin and supported by RTP Global and previous investors, this investment boosts emma’s total funding to $23 million and underscores strong market confidence in its innovative multicloud management platform.
Founded in 2019, emma has quickly emerged as a pivotal player in addressing the complexities of multicloud environments. Its platform not only leverages real-time analytics and AI-driven automation but also optimizes resource allocation to streamline cloud operations. Consequently, companies benefit from reduced costs, enhanced agility, and improved financial predictability.
Dmitry Panenkov, emma’s CEO, emphasized the company’s vision: “Our mission is to set the standards for cloud-agnostic operations, enabling businesses to scale seamlessly across all providers. This funding accelerates our drive to deliver unmatched autonomy and adaptability for organizations worldwide.”
Moreover, the investment will fuel emma’s ambitious plans, including enhancements to its platform, expansion of go-to-market strategies, and the development of customer satisfaction initiatives.
Notably, a dedicated research and development hub at its Luxembourg headquarters will focus on building advanced automation features, broadening cloud integrations, and fortifying security measures.
Investors are equally optimistic about emma’s potential. For instance, Smartfin’s Harry Haeck highlighted the platform’s transformative role, saying, “emma tackles one of the most critical challenges for enterprises: simplifying and optimizing multicloud environments. Its integrated approach to automation and cost visibility empowers businesses to focus on innovation rather than infrastructure.”
Since launching its product in 2022, emma has gained significant traction across diverse industries, ranging from finance to retail. With plans to expand into the U.S. market, the company is poised to strengthen its global footprint.
Ultimately, emma is shaping the future of cloud management by making it smarter, simpler, and more efficient for businesses everywhere.
