Native Secures $31 Million in Series A Funding Led by Ballistic Ventures

Native Raises $31 Million in Series A Funding

Native, a Tel Aviv-based cloud security company, has secured $31 million in a Series A funding round. The round was led by Ballistic Ventures, with participation from General Catalyst, YL Ventures, and Merlin Ventures. Native specializes in unifying, managing, and maximizing built-in cloud security controls across major platforms like AWS, Azure, Google Cloud, and Oracle Cloud Infrastructure (OCI). Their solutions aim to ensure secure-by-design consistency at an enterprise scale.

Leadership and Vision

Native was founded by a team of seasoned professionals in the tech industry. Amit Megiddo serves as the Co-Founder and CEO, alongside Co-Founder and CTO Eyal Faingold, and Co-Founder and CPO Gal Ordo. The leadership team brings a wealth of experience in cloud technology and security, driving the company's mission to enhance cloud security frameworks.

"Our goal is to provide enterprises with a seamless and secure cloud experience," said Amit Megiddo, CEO of Native.

Strategic Use of Funds

While specific plans for the newly acquired funds have not been detailed, the investment will likely support Native’s efforts to enhance its product offerings and expand its market reach. Companies in this sector often utilize such funding to hire additional skilled personnel, advance technological capabilities, and explore new geographical markets.

Investors and Market Perspective

The lead investor for this round, Ballistic Ventures, is known for its focus on cybersecurity companies. The participation of other investors like General Catalyst, YL Ventures, and Merlin Ventures highlights a strong interest in cloud security solutions amid growing global concerns over data protection and privacy.

Conclusion

Native’s recent funding round underscores the increasing demand for robust cloud security solutions. With a significant investment from leading venture capital firms, Native is well-positioned to further develop its platform and address the evolving needs of enterprises worldwide. The company’s innovative approach to cloud security could set new standards in the industry, ensuring that organizations can confidently manage their cloud environments.