NooBaa Raises New Financing

Storage startup NooBaa just closed a new round of financing. Three investors participated in the round: JVP, OurCrowd, and Akamai Technologies.

NooBaa, based in Israel and Silicon Valley, aims to deliver to customers the most flexible data-management platform in the market and the world’s lowest TCO. NooBaa’s software-only solution, based on a new architectural approach, combines the convenience and elasticity of public cloud storage with the control and security of on-premise storage solutions.

According to the company, the funds will be used to bring Noobaa’s recently announced enterprise edition product to market and to scale the company in the United States.