NetBird funding news – Berlin-based NetBird has Secured €4 Million in Seed Funding
Dec 3, 2024 | By Kailee Rainse
NetBird, an open-source network security platform, has raised €4 million in seed funding to expand its mission of making Zero Trust network security more accessible.
Investor of the round
The funding round was co-led by InReach Ventures and Nauta Capital, with support from Antler and the German Federal Ministry of Education and Research. The company will use the funds to grow its operations, improve its platform, and establish a global presence in the network security market.
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Misha Bragin, Co-Founder and CEO of NetBird, commented: “Together with a small team of incredibly talented engineers, we’ve built an open-source platform that reflects the needs of today’s connected world and sets the foundation for the secure networks of tomorrow. We’re at the right time to scale our mission, as the Zero Trust security market is rapidly growing, and we’re excited to lead the charge in making these advanced technologies accessible to organizations of all sizes.”
Since its launch, it has grown quickly, connecting hundreds of thousands of users and devices around the world. The platform focuses on being affordable and easy to use, making advanced security available to organizations of all sizes. The open-source community has been key to its success, providing feedback and helping drive fast innovation.
Maycon Santos, Co-Founder and CTO of NetBird, noted: “The open-source community has been incredibly supportive, and that feedback loop allows us to innovate quickly. We listen to our users, and their input helps us make network security better for everyone.”
NetBird explains that Zero Trust security has become more popular due to the shift to hybrid work and growing cyber threats. This approach follows the rule "never trust, always verify," meaning users and devices are constantly authenticated.
Amanda Jones Floyd, Partner at InReach Ventures, praised the team’s vision: “NetBird’s approach redefines what’s possible in network security. The way that NetBird has managed to break down complex network security into a beautifully simple, user-friendly product is really inspiring. With their open-source approach, Misha and Maycon and the NetBird team, have created something special—a vibrant community where every user feels heard and valued.”
Carles Ferrer, General Partner at Nauta, added: “NetBird solves these challenges by combining a Mesh-VPN architecture with Zero Trust Network Access Controls, providing a solution which is more efficient, cheaper and more secure than a traditional VPN. We’re lucky enough to have been part of the journey so far and are delighted to be backing Misha, Maycon and the team once again as they grow NetBird.“
About NetBird
Network security is complicated and costly, typically only available to companies with large IT budgets, leaving many others behind. NetBird aims to create a network and cybersecurity platform that is both simple to use and affordable for businesses of all sizes.