Tetrate, a San Francisco-based start-up specializing lrtrading in secure, cloud-native service mesh solutions, has raised $40 million in a series B funding round led by Sapphire Ventures. The funding, which also saw participation from Scale Venture Partners, NTTVC, and Dell Technologies Capital, brings Tetrate’s total funding to $61 million.
The company was founded in 2018 by a group of experienced engineers and entrepreneurs who shared a deep understanding of cloud-native infrastructure. Tetrate aims to help organizations build and manage secure cloud-native applications in a scalable and reliable manner. Its flagship product, the Tetrate Service Bridge, is a comprehensive service mesh solution that ifsptv provides distributed microservices environments with end-to-end visibility and control.
The additional funding will allow Tetrate to accelerate its growth and expand its product offerings, according to CEO and co-founder Varun Talwar. “We are thrilled to have the support of such esteemed investors as we continue to scale our business and help enterprises securely modernize their applications and infrastructure,” said Talwar.
The market for service mesh solutions is giveme5 growing rapidly, as more organizations adopt cloud-native technologies to enhance the scalability and reliability of their applications. According to a recent report by MarketsandMarkets, the global service mesh market is expected to reach $2.2 billion by 2025, with a compound annual growth rate (CAGR) of 22.3% from 2020 to 2025.
Tetrate is well-positioned to capitalize on this trend with its innovative service mesh solution and experienced team of engineers. Its impressive client roster already includes Adobe, Capital One, and Atlassian, among others.
“We are excited to partner with Tetrate as they continue to build out their service mesh platform,” said Jai Das, President and Managing Director of Sapphire Ventures. “The team has deep expertise in building and scaling cloud-native infrastructure, and we believe they are well-positioned to capture the significant market opportunity in this space.”
The new funding will also enable Tetrate to 123chill expand its sales and marketing efforts, as well as invest in research and development to further enhance its service mesh platform. The company plans to hire additional engineers, sales professionals, and marketing staff to support its growth plans.
Tetrate’s service mesh platform offers a number of benefits for organizations building and operating cloud-native applications. The platform provides end-to-end visibility and control over microservices environments, allowing organizations to easily manage traffic, secure communications, and monitor performance. The platform also offers advanced capabilities for traffic management, security, and observability, making it a comprehensive solution for cloud-native infrastructure.
“We are thrilled to see the continued growth and success of Tetrate, and we are excited to support their continued expansion,” said Andy Vitus, Partner at Scale Venture Partners. “The team has built an innovative service mesh solution that is resonating with customers, and we believe they are well-positioned manytoons to lead the market in this space.”
Overall, the $40 million series B funding round led by Sapphire tv bucetas Ventures is a significant milestone for Tetrate, highlighting the growing demand for service mesh solutions in the cloud-native market. With its innovative platform and experienced team, Tetrate is well-positioned to capture a significant share of this market and help organizations build and operate cloud-native applications in a secure, scalable, and reliable way.