Swedish Research Spin-off Elastisys Automates Cloud Management Through Predictive Analytics

As more and more companies move their services to public and private clouds, CIOs worry about escalating cloud costs and managing the ever growing amount of cloud based workloads. Enter Elastisys, the Swedish cloud focused spin-off from Umeå University with its patented cloud management technology which is unique in its predictive approach to automatically scaling resources according to future needs. Elastisys have recently completed a seed round together with Swedish investors Partnerinvest Norr, ALMI and the business angel group Northern Light Capital. As of the investment Robert