Tetrate, Started by Istio Founders, Raises $40 Million to Help Enterprises With Cloud-Native Application Networking Platform

Mar 10, 2021•over 4 years ago

Amount Raised

$40 Million

San Francisco

Description

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 Information

Company

Tetrate

Location

San Francisco, California, United States

About

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.

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Medium Activity

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