Netmaker, an Asheville, NC-based cloud networking startup, raised $2.3M in funding.
The round was led by Lytical Ventures, Uncorrelated Ventures, and SaxeCap, following their graduation from Y-Combinator.
The company intend sto use the funds to accelerate growth and expand team, operations and products.
Led by CEO Alex Feiszli and CTO Dillon Carns, Netmaker offers a WireGuard built mesh VPN that allows companies to build distributed, dynamic, and secure networks instantly. It enables applications to access each other directly and securely, without going through a central gateway. It does this with peer-to-peer virtual networks, automated over a client-server model. The server manages the keys, addresses, and discovery of peers, and sends this information to clients, which enables advanced routing operations to move traffic into, out of, and throughout the network.
In addition to the funding, the company is announcing the 1.0 release of their community product, and an Enterprise Edition, which offers HA networking, metrics and access controls for users.
Feiszli and Carns previously worked together building cloud software and led a team of multi-cloud platform engineers at IBM.
FinSMEs
25/10/2022