Solo.io Raises $135M in Series C Funding

Solo.io

Solo.io, a Cambridge, Mass.-based application networking company, raised $135m in Series C funding at a valuation of $1 billion.

The round, which brings Solo.io’s total funding raised to $171.5m, was led by Altimeter Capital, with participation from existing investors Redpoint Ventures and True Ventures.

The company will use the funding to recruit for sales, marketing, customer success, and engineering roles, expand its worldwide go-to-market efforts, invest in product development and professional services, and grow its services and support offerings.

Led by Idit Levine, founder and CEO, Solo.io is an application networking company, which delivers API infrastructure from the edge to service mesh, allowing enterprises to adopt, secure, and operate innovative cloud native technologies. APIs drive microservices and cloud native technologies, forming the foundation for developers, partners and customers to interact with application services effectively, and securely.

The Gloo Mesh Enterprise platform is an enterprise service mesh built on Istio for multi-cluster Kubernetes, VMs, and hybrid cloud deployments. Gloo Mesh Enterprise simplifies adoption of a service mesh, solves for difficult observability, security, and high-availability scenarios, and increases developer productivity.  

FinSMEs

07/10/2021