Tetrate 40m sapphire ventures shieber techcrunch
Tetrate, a cloud-native infrastructure company, has raised $40 million in a Series B funding round led by Sapphire Ventures, with participation from Scale Venture Partners, NTTVC, and others. The funding will be used to accelerate the company’s growth and expand its product offerings.
Tetrate was founded in 2018 by engineers from lrtrading Google, IBM, and Lyft who were frustrated by the complexity and rigidity of traditional networking and infrastructure. The company provides a cloud-native infrastructure platform that enables businesses to modernize their applications and services, improve security, and simplify management.
The Tetrate platform is built on top of Istio, an open-source service mesh that provides a way to manage traffic between microservices in a cloud-native environment. Istio is quickly becoming a standard in the cloud-native world, and Tetrate is one of the leading companies in the Istio ecosystem.
The Tetrate platform provides a range of features ifsptv and tools for businesses that are looking to modernize their infrastructure. These include:
- Traffic management: The Tetrate platform enables businesses to manage traffic between microservices in a cloud-native environment, making it easy to deploy and scale applications.
- Security: The platform provides advanced security features such as mutual TLS, which encrypts traffic between microservices and ensures that only authorized services can communicate with each other.
- Observability: The platform provides detailed insights into the performance and health of microservices, making it easy to troubleshoot issues and optimize performance.
- Multi-cloud support: The platform can be used across multiple cloud providers, making it easy for businesses to deploy and manage applications in a hybrid or multi-cloud environment.
Tetrate has seen strong demand for its platform, with giveme5 customers including large enterprises in the financial services, healthcare, and retail industries. The company has also partnered with leading technology companies such as Google, IBM, and Cisco to expand the reach of its platform.
The Series B funding round will enable Tetrate to accelerate its growth and expand its product offerings. The company plans to use the funding to invest in engineering and product development, as well as expand its sales and marketing efforts.
The funding round also reflects 123chill the growing importance of cloud-native infrastructure and the Istio ecosystem. As businesses increasingly move their applications and services to the cloud, they require more flexible and scalable infrastructure solutions that can support their evolving needs. Istio and platforms like Tetrate are at the forefront of this trend, providing a way to manage and secure microservices in a cloud-native environment.
Overall, Tetrate is a promising company in the cloud-native manytoons infrastructure space, with a strong platform and a growing customer base. With the support of Sapphire Ventures and other investors, the company is well-positioned to continue its growth and expand its product offerings, helping businesses to modernize their infrastructure and achieve greater agility and scalability in the cloud.