Berlin-based tech startup, NetBird, has secured pre-seed funding of €1.1 million from investors, including Nauta Capital, Antler, and Rheingau Founders. The round was also supported by prominent business figures, including Jan Oberhauser, CEO and founder of Sequoia-backed n8n.io, Emma Tracey, founder and ex-CMO of honeypot.io, and Mario Goetze, a business angel and professional football player.
NetBird provides an open-source private network platform that simplifies the complexity of IT infrastructure and networks through its peer-to-peer connectivity model. By leveraging the encryption provided by the WireGuard protocol, NetBird's technology provides a secure and decentralized way for organizations to bypass gateways commonly used in Zero Trust Network Access (ZTNA) and traditional perimeter-based Virtual Private Networks (VPNs).
The new funding will enable NetBird to accelerate its growth, develop its technology further, and make it available across other platforms, including mobile and serverless systems.
Using NetBird, IT departments can significantly reduce the time and effort spent maintaining private networks by focusing on security instead. All sizes of companies can quickly adopt and leverage the technology.
Founded by CEO Misha Bragin, his company simplifies IT infrastructures and networks, so that organizations can devote more time to security rather than maintaining them.
As a result of this new funding, NetBird is poised to disrupt the traditional VPN market and offer companies an alternative to ZTNA solutions that offers greater security and flexibility for improving IT infrastructure.