NetBird, a Berlin, Germany-based company that provides an open-source private network platform, raised €1.1 million in pre-seed funding to simplify the complexity of IT infrastructure/networks through peer-to-peer connectivity with encryption by the WireGuard protocol.
Nauta Capital, Antler, and Rheingau Founders, as well as, Jan Oberhauser (CEO and founder of Sequoia-backed source-available company n8n.io), Emma Tracey (Founder and ex-Chief Marketing Officer of honeypot.io), and Mario Goetze (professional football player and business angel) invested in the round.
The funding will enable NetBird to accelerate growth, further develop the technology, and make it available across other platforms including mobile, serverless, and others.
NetBird aims to simplify the complexity of IT infrastructure and networks through its peer-to-peer connectivity model that bypasses the gateways commonly used in Zero Trust Network Access (ZTNA) and traditional perimeter-based Virtual Private Networks (VPNs).
Misha Bragin, CEO and co-founder of NetBird adds, "We want to make sure that IT departments spend less time managing and maintaining private networks and spend more time on security. Our technology can be adopted and leveraged by companies of any size."
Company: Wiretrustee UG
Raised: €1.1M
Round: Pre-Seed Round
Funding Month: May 2023
Lead Investors:
Additional Investors: Nauta Capital, Antler, Rheingau Founders, Jan Oberhauser, Emma Tracey, and Mario Goetze
Company Website: https://netbird.io/
Software Category: Network Management Platform
About the Company: Founded by Misha Bragin and Maycon Santos, NetBird is a German open-source network management platform built on top of WireGuard®. NetBird makes private networking simple and secure. It creates a private network in less than a minute, applying security best practices without manual configuration and an expert. NetBird network universally works in the cloud, on-premises, edge, and container environments leaving behind the hassle of opening ports, complex firewall rules, VPN gateways, etc. NetBird also offers peer-to-peer encryption ensured by the WireGuard protocol, multi-factor authentication, Single Sign On (SSO) integration with popular cloud identity providers, and simple access control. The technology enables a faster, simpler, and more secure alternative to traditional VPN protocols like OpenVPN and IPSec.
Source: Claudia Urquiola - Head of Marketing & Communications of Nauta Capital