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

12 Mar, 2021

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

– Tetrate announced today that it has raised $40m 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.
– Additionally, Tetrate will expand go-to-market activities in the Americas and initiate go-to-market teams in Europe and Asia.

Application Performance Management Developer APIs Developer Platform Developer Tools Information Services Information Technology North America SaaS
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