Investments, News

ActOnMagic Raises Seed Funding Led by NetMagic’s Co-founder Jayabalan Subramanian

ActOnMagic, a Bangalore based cloud management startup, has raised a fresh round of seed funding worth Rs. 85 lakh, from NetMagic’s Co-founder Jayabalan Subramanian.

ActOnMagic's Team

ActOnMagic’s Team

The money will be used to scale the product engineering team and sales efforts in India. Founded in 2014 by Madan Ganesh Velayudham and Sumathi Kuppusamy, ActOnMagic is a cloud management startup that offers ActOnCloud Platform to enable companies to manage the infrastructure across multiple service providers.The platform allows users to view and manage all public/private cloud infrastructure from a single pane of glass – regardless of the underlying cloud technology or service.

Its major offerings include Cloud Optimization, Churn Management, Cost Control, Hybrid Cloud and supports Apache CloudStack, Citrix Cloud Platform and Exoscale.

“We are happy to lose the “Bootstrappers” tag to help us to acquire customers in a heavily competitive cloud market. The fund will allow us to attract right talent in order to differentiate our offerings from the market and to build stronger eco system or our offerings,” said Madan Ganesh Velayudham, Founder and CEO of ActOnMagic.

Madan also added “ActOnCloud has a good reach in the European Market and now its time to build for Indian Market as well.”

Other startup which offering similar services is Cloudrino, currently has nodes in India and USA.

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