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 company specializing in cloud security management, has announced the successful completion of its Series A funding round, securing $31 million. The round was led by Ballistic Ventures, with participation from General Catalyst, YL Ventures, and Merlin Ventures.

Company Overview

Native focuses on unifying, managing, and maximizing built-in cloud security controls across major cloud providers including AWS, Azure, Google Cloud, and OCI. The company's platform aims to ensure secure-by-design consistency at an enterprise scale, addressing the growing need for robust cloud security solutions.

Leadership and Vision

The company was co-founded by Amit Megiddo, Eyal Faingold, and Gal Ordo, who serve as CEO, CTO, and CPO respectively. Under their leadership, Native aims to enhance the security infrastructure of enterprises by streamlining cloud security management. "Our goal is to provide a unified approach to cloud security that is both comprehensive and easy to manage," said Amit Megiddo, Co-Founder and CEO of Native.

Strategic Investors and Their Role

Ballistic Ventures led the funding round, bringing significant expertise in cybersecurity investments. The involvement of General Catalyst, YL Ventures, and Merlin Ventures further strengthens Native's position in the market, providing not only financial support but also strategic guidance as the company expands its operations.

Planned Use of Funds

The newly acquired funds are expected to be utilized in several key areas, including expanding the company's product offerings and accelerating its market presence. Native plans to enhance its platform capabilities and broaden its reach across global markets. Additionally, investment in research and development is anticipated to further refine its security solutions.

Looking Ahead

As cloud adoption continues to rise, the demand for integrated security solutions grows. Native's recent funding round positions the company to meet this demand, offering enterprises a streamlined approach to managing cloud security across multiple platforms. With its strong leadership team and backing from prominent investors, Native is well-poised to make significant strides in the cloud security sector.