Elastisys secures funding for taking innovative technology internationally

Elastisys: From the left, Robert Winter, Emil Marklund, Peter Gardfjäll, Erik Elmroth, Simon Kollberg, Johan Tordsson
Elastisys: From the left, Robert Winter, Emil Marklund, Peter Gardfjäll, Erik Elmroth, Simon Kollberg, Johan Tordsson (missing in picture is Ahmed Ali-Eldin)

Elastisys have completed a seed round together with Swedish investors Partnerinvest Norr, ALMI and the business angel group Northern Light Capital. As of the investment Robert Winter has been recruited as the CEO to drive sales and marketing.

“It feels great to be part of Elastisys and we are really happy about this investment” says Robert Winter. “Companies across all industries are moving to virtualized environments like public or private clouds and we will use this investment to get out there and help them provide faster and more reliable services.”

Elastisys is a spin-off from Umeå University and Europe’s largest research group in cloud management. Since 2011 the company has continued to develop their platform for automated resource management.

“We are convinced that Elastisys and the team behind the company have world class competencies in the areas of cloud automation” says Jan Snygg, Investment Manager at Northern Light Capital. “The company’s solutions with predictive auto-scaling ensure that mission critical cloud application runs cost-efficiently and are responsive at all times. There is also a big and rapidly growing global market demand.”

The new investment will be used for expansions into new markets which will require new staff both in tech and sales. Erik Elmroth, Chief Scientist, think the timing is perfect.

“The importance of intelligent, data-driven, and automatic resource management is rapidly increasing”, says Erik Elmroth. “This follows the trend of larger and more dynamic systems, such as rack-scale, software-defined infrastructures and mobile edge clouds as well as increased cloud and IoT usage. We are really happy to have secured funding to take this exciting new technology to a broader market.”

Lena Fridlund-Forsgren, Investment Manager at Partnerinvest Norr, concludes:

“Elastisys has a very scalable offering, a world class team and a huge addressable market. The demand for this kind of intelligent solutions keeps increasing and we look very much forward to working with Elastisys going forward.”

About Elastisys

Elastisys offers a management platform that gives enterprises or online service providers fast and robust IT systems that are cost and energy efficient. Features include predictive auto-scaling, monitoring, automatic fail-over, multi-cloud capabilities and support for Kubernetes, Docker, OpenStack and more. The technology extends on decades of internationally leading research and is unique in its predictive approach to automatically scaling resources according to future needs.

Target infrastructures span from individual servers to virtual network functions (VNF), rack-scale systems as well as private and public clouds, supporting IoT and cloud applications.

Read more about Elastisys at www.elastisys.com and the research group at cloudresearch.org.

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