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

byEze Vidra
December 17, 2008
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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.

Eze Vidra
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Eze Vidra
Co Founder and Managing Partner at Remagine Ventures
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel.

I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.

I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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Eze Vidra
Eze is managing partner of Remagine Ventures, a seed fund investing in ambitious founders at the intersection of tech, entertainment, gaming and commerce with a spotlight on Israel. I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups. I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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