Nuweba, a Tel Aviv, Israel-based function as a service platform making serverless technology faster and safer, expanded its seed funding round of $10.2m.
The round was led by Blumberg Capital with participation from Magma Partners and Target Global.
The company plans to use the new funds to support further technological development of the platform and build a variety of solutions on top of it.
Led by Ido Neeman, CEO, Nuweba provides a SaaS based technology platform which enables companies to use serverless for user-facing applications, mission critical and other core workloads, all without having to leave the companies’ current ecosystem or change code or configuration. Emerged from stealth in February 2019, the company supports the use of graphics processing units (GPUs) bringing serverless to the mainstream with an optimal architecture for AI/ML use cases.