Serverless Computing Company Nuweba Raises $4.8 Million

Tel Aviv-based serverless computing startup Nuweba Labs Ltd. has raised $4.8 million in seed from investors including Magma Ventures and Target Global, the company announced Tuesday. The round includes a $3 million investment led by Magma in February 2018.

Founded in early 2018 and employing 11 people, Nuweba develops a platform that lets companies run serverless applications without using third party tools or add-ons. The platform also performs services such as network traffic inspection and real-time anomaly detection.