Tetrate, Started by Istio Founders, Raises $40 Million to Help Enterprises With Cloud-Native Application Networking Platform
Tetrate, Started by Istio Founders, Raises $40 Million to Help Enterprises With Cloud-Native Application Networking Platform
03/10/21, 1:04 PM
Location
san franciscoMoney raised
$40 million
Tetrate announced today that it has raised $40 million in a Series B funding round led by Sapphire Ventures. Other new investors, Scale Venture Partners and NTTVC, and existing investors, Dell Technologies Capital, Intel Capital, 8VC, and Samsung NEXT, participated in the round. The Series B funding will be used to develop advanced capabilities within Tetrate Service Bridge, the only cloud-agnostic, hybrid cloud applications networking platform. Funding also will support a new SaaS offering: an Istio-based platform that makes the application service mesh easier to consume
Company Info
Location
san francisco, california, united states
Additional Info
Started by Istio founders to reimagine application networking, Tetrate is the enterprise service mesh company managing the complexity of modern, hybrid cloud application infrastructure. Its flagship product, Tetrate Service Bridge, provides a comprehensive, enterprise-ready service mesh platform built for multi-cluster, multitenancy, and multi-cloud deployments. Customers get consistent, baked-in observability, runtime security and traffic management in any environment. Tetrate remains a top contributor to the open source projects Istio and Envoy Proxy. Find out more at www.tetrate.io.