NooBaa

Crowd Cloud Storage

Acquired (Inactive) by Red Hat on Nov 2018 - closed due to acquisition

Company Overview

Snapshot

Founded in June 2013 by Guy Margalit and Yuval Dimnik, NooBaa operated with 1–10 employees. The company raised a total of $13.83M across three funding rounds from three investors. NooBaa was acquired by Red Hat in November 2018.

Business overview

NooBaa developed crowd-based cloud storage solutions, enabling users to create cloud services by co-sharing computer resources. The company's core technology allowed individuals to share their devices, leveraging collective power for storage. NooBaa served markets requiring data storage and file-sharing capabilities, operating within the enterprise solutions sector, specifically focusing on hybrid-cloud and data architecture for businesses.

Strategic signal

In November 2018, Red Hat acquired NooBaa, marking a significant exit for the company. This acquisition signals the strategic value of NooBaa's crowd-based cloud storage technology within the broader enterprise software and cloud infrastructure market, indicating a validation of its innovative approach to data storage and its potential for integration into larger platforms.

Company Intelligence Q&A

When was NooBaa acquired?
NooBaa was acquired by Red Hat in November 2018.
Who were the founders of NooBaa?
NooBaa was co-founded by Guy Margalit and Yuval Dimnik.
What was a key product offering from NooBaa?
NooBaa offered a crowd-based cloud storage solution that allowed users to create cloud services by co-sharing computer resources.
When did NooBaa debut its frictionless storage for unstructured data?
In October 2016, NooBaa debuted its frictionless storage for unstructured data.

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