Nolio Ltd. Secures $5M in Financing Round
Nolio Ltd., a leader in Data Center Applications Service Automation solutions, today announced that it has completed a $5M round led by Cedar Fund, a new investor, with participation by Blumberg Capital and existing investors. The funds will provide the foundation for expanding Nolio's growth over the next couple of years.
"Nolio introduces a new approach to Data Center automation that is especially important for companies operating large Web operations and data centers," said Eran Sher, Nolio's co-founder and CEO. Sher added: "Nolio's solution simplifies companies' ability to automate & manage on-going service tasks for applications, providing application-level and business-relevant insight, improving customer service."
This financing round provides Nolio with the additional capital needed to expand its go-to-market strategy and continue improving its services and solutions.
"In today's economy more than ever, technology innovations that improve operational efficiency are critical to customers and attractive to investors. Cedar Fund is excited about this new investment in Nolio, a startup company that combines a great team and strong solution in an attractive market," said Ronen Yehoshua of Cedar Fund. "Nolio's solution is already being embraced by customers and partners, who use Nolio and benefit from improvements to their Data Center operations."
"Nolio automates deployment and management of all applications in the datacenter. Simply put, Nolio reduces the time and resources needed to manage complex web operations, SaaS businesses or enterprise data center applications like no other offering in the market today. The resulting benefits are improved ROI and application uptime as well as better data-center manageability and transparency." Summarized Bruce Taragin, general partner, Blumberg capital.
