Israel Virtual Mobile Infrastructure (VMI) pioneer Nubo Software has completed a $7 million Series A financing round led by Magma Venture Partners with the participation of Motorola Solutions Venture Capital.
Nubo will use the proceeds to expand its marketing, sales and support services for its remote enterprise workspace solution. Nubo's VMI infrastructure allows businesses to deliver corporate and consumer mobile apps as a display from a remote server, ensuring zero data is stored on employee devices. The company is based at Airport City near Tel Aviv.
With mobility constantly becoming more imbedded into corporate strategy, Nubo founder and CEO Israel Lifshitz believes more organizations will look to holistic innovations that enhance the capabilities of mobile end users while ensuring data security and compliance.
He said, “This is a vote of confidence for the disruptive technology that VMI is to enterprise mobility, and it’s great to see it gaining momentum, with more organizations seeing the value and adopting it. It also speaks to Nubo’s ability to lead this new era and provide solutions that let businesses capitalize on the strategic benefits of mobility with security and peace of mind.”
VMI technology affords enterprises a higher layer of security that completely separates corporate and personal environments without infringing on employee privacy. Because the corporate environment is controlled in one remote platform, IT can develop and manage just one customized app for any Android, iOS or HTML5-supported device. Enterprises no longer have to spend significant resources securing devices since they can simply be disconnected from access to the remote environment.
“Nubo has created an innovative and technologically differentiated approach that from the ground up is built around the needs of the mobile enterprise of the future,” said Magma Venture Partners general partner Ran Achituv. “Today’s public safety agencies and commercial enterprises are using technology to help keep workers out in the field where they are needed, yet also connected to both the home office and each other,” said Motorola Solutions chief technology officer Paul Steinberg. “Nubo’s innovative solution enhances mobile data access and collaboration while maximizing security and simplifying mobile application management, which ultimately can help create better outcomes for our customers.”
Published by Globes [online], Israel business news - www.globes-online.com - on January 21, 2016
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