‘Newvem’ Secures $4M For Cloud Data Analytics

Data analytics company Newvem has secured $4 Million in Series A funding. The round was led by Greylock Partners with participation from Index Ventures and Eric Schmidt’s Innovation Endeavors, as well as private investors. Newvem, based in Tel Aviv, Israel, enhances cloud usage effectiveness through data analytics. The company will use the funding to enhance its analytics platform, KnowYourCloud.