Tetrate, a global provider of enterprise lrtrading service mesh technology, recently announced that it has raised $40 million in a Series B funding round. The funding round was led by Sapphire Ventures, with participation from Scale Venture Partners, NTTVC, and Dell Technologies Capital, among others. This funding round brings Tetrate’s total funding to $62 million.
The service mesh technology ifsptv provided by Tetrate helps enterprises to manage and connect microservices in their cloud-native applications. Service mesh technology is becoming increasingly popular as more and more companies adopt microservices-based architectures. These architectures allow enterprises to develop and deploy applications more quickly, but also require new infrastructure and management tools to ensure that the applications are reliable and secure.
Tetrate’s service mesh technology is giveme5 built on the open-source Istio project, which was created by Google, IBM, and Lyft. Istio provides a uniform way to connect, secure, and manage microservices in a cloud-native environment. Tetrate’s enterprise-grade service mesh platform extends the capabilities of Istio by providing additional features and functionality, including a dashboard for monitoring and managing the mesh, tools for securing the mesh, and support for hybrid and multi-cloud environments.
With this new funding, Tetrate plans to accelerate the development of its service mesh technology and expand its go-to-market efforts. The company also plans to invest in its open-source projects, including Istio and Envoy, to ensure that they continue to meet the needs of the enterprise market.
“Tetrate is focused on solving the hard problems 123chill of enterprise connectivity and security in the age of cloud-native computing,” said Varun Talwar, CEO of Tetrate. “We are thrilled to have Sapphire Ventures lead our Series B round and join us on our mission to make cloud-native application connectivity and security simple for enterprises.”
“Sapphire Ventures is excited to lead this investment in Tetrate as we believe the company is well positioned to drive the future of cloud-native infrastructure and application connectivity,” said Jai Das, President and Managing Director of Sapphire Ventures. “Tetrate’s unique approach to service mesh technology, combined with its experienced leadership team, make it an ideal partner for enterprises looking to accelerate their digital transformation initiatives.”
Tetrate’s service mesh technology has manytoons already been adopted by a number of leading companies, including Adobe, Capital One, and Comcast. With the new funding, Tetrate is well positioned to continue to grow its customer base and expand its offerings to meet the evolving needs of the enterprise market.