Israeli Serverless Tech Startup Nuweba Raises $4.8M Seed Round

Nuweba, an Israeli startup that focuses on serverless computing tech, emerged from stealth mode this week to announce a $4.8 million dollars seed funding round led by Magma Partners and Target Global, with participation from other investors.

Nuweba says serverless tech is “10 times faster and more scalable than existing solutions, giving serverless functions improved performance with 8-40ms invocation latency without container reuse.”

The startup says it can “support tens of thousands of concurrent executions,” and offers “developers enterprise-grade, application level security and all-around deep visibility of how their application is running in real-time.”

“We believe that serverless can and should be the optimal architecture for almost any use case, including user-facing, mission-critical or time sensitive apps,” said Ido Neeman, co-founder and CEO of Nuweba. “Current serverless platforms aren’t fast enough, don’t secure the application layer and offer little visibility. This leads to poor performance and leaves your most valuable assets vulnerable. We knew we could do better. That is why we built Nuweba.”

Neeman and Yan Cybulski, co-founder and Nuweba CTO, both served in an elite technology unit of the Israel Defence Forces where they led cybersecurity operations, according to a company statement.

“The market needed a solution that takes control of your serverless apps, while still enjoying the benefits of abstraction and the team at Nuweba has used their cybersecurity expertise to hone an unparalleled platform.” said Modi Rosen, Managing Partner, Magma Partners.