Bloomberg Capital and Cedar Put $5 Million into Israel’s Nolio

Israeli start up Nolio Ltd. (formerly DeployIT) has completed a $5M round led by Cedar Fund, as well as previous investors Blumberg Capital and Iris Ventures. Nolio develops Application Service Automation solutions for managing data center applications. Sounds complicated? In simple words, SaaS businesses are heavily dependant on the data centrer uptime, and Nolio makes applications that eliminates errors and downtime, cuts operational costs and resources and increases the ROI. In the company’s announcement, Nolio’s co-founder and CEO Eran Sher, said:

“Nolio introduces a new approach to Data Center automation that is especially important for companies operating large Web operations and data centers. 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.”

The company plans to use the proceeds of this round to expedite the growth of its sales force. Nolio was founded in 2006 and is based in Kfar Saba, Israel. The company currently has a headcount of 25.

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Co Founder and Managing Partner at Remagine Ventures
Eze Vidra is the founder of VC Cafe and the co-founder and managing partner of Remagine Ventures, a pre-seed fund investing in ambitious founders at the intersection of AI, technology, entertainment, gaming, and commerce with a spotlight on Israel.

He is a former General Partner at Google Ventures (GV) in Europe, former head of Google for Entrepreneurs in Europe, and founding head of Campus London, Google's first startup hub. Eze writes on Israeli tech, venture capital, artificial intelligence, and founder strategy.

He is also the founder of Techbikers, a nonprofit that brings together the startup ecosystem on cycling challenges in support of Room to Read.
Eze Vidra
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