In Israel, raises $ 15 million for its Big data solutions

by bold-lichterman

Israeli data start-up has raised $ 15 million (around € 14 million) from Magma Venture Partners, as lead investor, Jerusalem Venture Partners and other investors .

Founded in 2014, develops data management and storage solutions for Big data, IoT or cloud applications. “The IT industry is going through big changes with the spread of cloud technologies and new data consumption needs,” said Yaron Haviv, co-founder. Little information is available on the company’s website.

Strengthen the workforce

According to one study from the firm IDC, the market for big data technologies and services is expected to weigh in the 41 billion dollars in 2018, growing six times faster than the IT market.

In its press release, the company specifies that among its teams, most are former executives of companies specializing in cloud computing, data analysis or even security, such as XtremIO (acquired by EMC, itself recently acquired by Dell), XIV (acquired by IBM in 2008), or Mellanox and Radvision. With this new investment, wants to strengthen its workforce.

Founders: Asaf Somekh, Yaron Haviv

Creation: 2014

The head office : Herzliya (Israel)

Funding: $ 15 million raised in November 2015

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