North Carolina-based cloud networking company Netmaker raises USD 2.3 million in investment

ASHEVILLE, North Carolina, Oct. 21, 2022 — Netmaker, a cloud networking company, revealed today that they have raised USD 2.3 million in investment to build its “superhighway for secure cloud networks.” Following their graduation from Y-Combinator, Lytical Ventures, Uncorrelated Ventures, and SaxeCap, among others, led the round. Netmaker provides a platform based on WireGuard that alters how businesses connect their networks, making them more secure, dynamic, and up to 15 times quicker than alternatives.

In addition to the investment, Netmaker is announcing the 1.0 version of its community product and an Enterprise Edition that provides customers with HA networking, monitoring, and access restrictions.

Modern apps are far more complicated than they look. While users are viewing a website or a smartphone app, a massive ecosystem of infrastructure and apps must be connected for this software to function. Today, such connections are made by operations teams, who must follow a costly, time-consuming, and labor-intensive procedure. This is where Netmaker comes into play.

CEO Alex Feiszli stated:

“We had no choice but to construct Netmaker. We saw a disparity between what we could accomplish with cloud computing and what networking enabled us to achieve. We recognized there was nothing available on the market to handle this challenge. Therefore we had to design it ourselves.”

Netmaker enables apps to communicate directly and securely with one another without the need for a central gateway. It accomplishes this through peer-to-peer virtual automated virtual networks using a client-server approach. The server controls peer keys, addresses, and discoveries and delivers this information to clients, allowing sophisticated routing operations to transfer traffic into, out of, and across the network.

Recent advancements in hybrid cloud, edge computing, and IoT have necessitated the use of this architecture.

Lyrical Ventures Partner Lucas Nelson stated:

“Netmaker simplifies the abstraction of the physical network, allowing IT teams to establish logical networks in minutes. Putting IoT devices with 5G on the same flat web with a controlled environment now takes minutes rather than days or weeks. I believe it will be a tool in every IT department’s toolbox in the future year.”

Feiszli and Carns previously collaborated on cloud software and managed an IBM team of multi-cloud platform developers. During the epidemic, the couple relocated to Asheville, North Carolina. The town is renowned more for its craft brewers than its digital startup sector, but Feiszli and Carns have considerable hopes to bring the cloud to the ‘Land of the Sky.’

Netmaker was uploaded on GitHub in March 2021 and quickly gained popularity. Over 1,200 organizations and individuals presently use the platform. This traction brought Netmaker to the notice of Y-Combinator, which boosted the company’s prominence even more. Since the beginning of 2022, active platform growth has averaged 32% MoM.

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