emma funding news – Luxembourg-based emma has Raised €16.3 Million in Series A Round Funding

This brings it's total funding to €22.1 million, following a €5.7 million Seed Round in March 2023.

It helps businesses optimize workloads, predict usage and improve resource allocation, ensuring better financial planning and operational efficiency.

CEO Dmitry Panenkov comments on emma’s mission: “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 optimize across all environments.”

Funding Utilisation

The new funding will help it to speed up product development, expand marketing efforts, and improve customer support. Plans include launching AI features, improving security, adding more cloud integrations, and advancing automation. The company also plans to open a research and development center at its headquarters in Luxembourg to better meet customer needs.

Harry Haeck, Partner at Smartfin said, “Emma is addressing one of the most critical challenges for modern enterprises: managing and optimising complex multi-cloud 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, added: “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 its official launch in 2022, it has expanded its client base to industries like gaming, fintech, healthcare, and retail. The Series A funding will also help it to grow in the US market, responding to the global demand for multicloud management solutions.

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About emma

emma is a complete cloud management platform that combines a flexible, cloud-agnostic approach with AI-powered tools, allowing organizations to access cloud resources from any provider, in any environment, without limitations.