ActOnMagic raised seed funding from Jayabalan Subramanian


Indian startup ActonMagic, which develops cloud based enterprise solutions related to analytics and management has raised seed round from Jayabalan Subramanian, Co-Founder Netmagic.

Founded in 2014 by Madan Ganesh Velayudham and Sumathi Kuppusamy in Bangalore, it offers cloud based solutions to enterprises to manage their all kinds of infrastructure from a single channel, regardless of the platform and technology.

Major offerings of ActOnMagic include Churn Management, Cost Control, Citrix Cloud Platform and Exoscale, Hybrid Cloud and supports Apache CloudStack and cloud optimisation.

Talking to the media, Madan Ganesh Velayudham stated his happiness over the fact that the startup will lose the tag of bootstrapped now. The team is more excited to acquire more customers in the competitive cloud market along with building stronger eco-system of their offerings.

He further added that they have pretty good reach in the European market and with the raised funding, the main aim is to scale sales operations in India.