NooBaa
Crowd Cloud Storage
Company Overview
Snapshot
Founded in June 2013 by Guy Margalit and Yuval Dimnik, NooBaa operates with 1–10 employees. The company raised $13.83 million across 3 funding rounds from 3 investors before being acquired by Red Hat in November 2018.
Business overview
NooBaa specializes in crowd-based cloud storage, enabling users to co-share computer resources to create a cloud service. The company's core product, NooBaa, allows individuals to contribute their devices to a collective cloud, serving markets that include enterprises and users of devices like GoPro. It operates within the Enterprise Solutions sector, focusing on data storage and cloud technologies.
Strategic signal
NooBaa's acquisition by Red Hat in November 2018 marked a significant exit for the company, integrating its crowd-based cloud storage technology into a larger enterprise ecosystem. This event signaled the strategic value of NooBaa's approach to frictionless storage for unstructured data, validating its potential for broader adoption within enterprise solutions and hybrid cloud environments.
Log in to access full profile ›Company Intelligence Q&A
- When was NooBaa acquired?
- NooBaa was acquired by Red Hat in November 2018.
- When did NooBaa debut its frictionless storage for unstructured data?
- NooBaa debuted its frictionless storage for unstructured data in October 2016.
- Who was appointed CEO of NooBaa in May 2017?
- In May 2017, NooBaa appointed Michael Thompson as CEO.