News Briefs

Nolio Raises $5 Million

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Nolio Ltd., an Israel-based provider of data center applications service automation solutions, has raised $5 million in new VC funding. Cedar Fund led the round, and was joined by Blumberg Capital.

 

PRESS RELEASE

 

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.

 

About Nolio
Nolio is a leading provider of Application Service Automation solutions for managing data center applications. Nolio’s solutions enable IT and web operation teams to automate all tasks needed to service the applications, heightening application quality and uptime, eliminating errors and downtime, cutting operational costs and resources, increasing operational agility and productivity, and synchronizing operations with business to capitalize on application change.
For more information about Nolio, please visit www.noliosoft.com.

 

About Cedar Fund

Cedar Fund is a venture capital firm, investing in early stage, Israel-related high technology companies since 1997. With over $325 million under management and a quality investment track record, Cedar invests in outstanding entrepreneurs pursuing high growth markets with distinguished technologies in the telecommunications, networking, Internet-infrastructure and enterprise software areas. While investing in all stages, Cedar Fund’s early stage expertise includes Pre-Seed®, seed and first round. For more information about Cedar Fund, please visit www.cedarfund.com.

 

About Blumberg Capital

Blumberg Capital is a San Francisco-based, classic, early-stage venture capital firm focused on investing in emerging information technology companies in the fields of mobility, Web 3.0, VoIP, technology enabled services, software, and security. Founded in 1991, Blumberg Capital invested in early-stage technology companies, many of which have become independent market leaders in their respective fields, including Check Point Software [CHKP], Creo [CREO], DSP Group [DSPG] and Electronics for Imaging [EFII], while others have been successfully acquired, including Conduct Software and Allerez, both acquired by Mercury Interactive [MERQ], AbirNet, acquired by Computer Associates [CA], eVoice, acquired by Time Warner [TWX], Vista Research – acquired by McGraw Hill [MHP] and PureSight – acquired by Boston Communications Group, Inc. [BCGI].

For more information about Blumberg Capital, please visit www.blumbergcapital.com.