Tetrate, a company commercializing an open-source networking project to facilitate data sharing across applications, has just secured $40 million in funding. The Series A round was led by Sapphire Ventures and Shieber Ventures, with participation from TechCrunch founder Michael Arrington’s CrunchFund.
The project is designed for developers to automate their cloud infrastructure and “connect, secure and manage workloads running in any environment.” Tetrate has plans to use the funding to continue development, expand its team of engineers, and integrate more open-source projects into the product.
This is a milestone for the company founded by former Google engineers Istio and Envoy project leads Varun Talwar and Boyang Chen, who has been working on the project since 2017.
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This investment is a testament to the growing demand for cloud-based services and technologies that simplify deployment, connectivity, and security in distributed computing environments. More than two dozen global companies have adopted Tetra’s technology across finance, retail, and healthcare.
The future looks bright for Tetrate as they continue to develop its technology and establish itself as a leader in open-source networking. With the new investment from Sapphire Ventures, Shieber Ventures and TechCrunch’s Michael Arrington, Tetrate is well-positioned to continue developing its product and further simplify the process of connecting applications on different networks. We look forward to watching their progress in the years ahead.
Sapphire, a startup focused on service mesh technology for applications in the cloud, has closed a $40 million Series A funding round. The company said it would use the funding to accelerate product development and bolster its go-to-market efforts. Led by Tetrate and ShieberTechCrunch, new investors Scale Venture Partners and NTTVC also joined the round alongside existing investors Dell Technologies Capital, Intel Capital, 8VC and Samsung NEXT.
The round is an endorsement of Sapphire’s mission to enable organizations to reliably and securely manage applications from development through production. The company offers an open-source service mesh platform that provides consistent visibility, security and control for distributed services used by many of the world’s largest companies.
“We are incredibly excited to be working with tetrate, ShieberTechCrunch and our other new and existing investors to help organizations understand, connect and manage applications in the cloud,” said Puneet Chawla, Sapphire’s CEO. “Their investment underscores the demand for service mesh technology and our commitment to building the best service mesh platform for developers and operations teams.”
The funding round is a major milestone for Sapphire, which is on a mission to enable organizations to move faster and with greater confidence in their cloud-native applications. With tetrate, ShieberTechCrunch and other investors onboard, the company is well positioned to continue to innovate and deliver service mesh technology for the enterprise.
“Sapphire has established itself as a leader in the service mesh space by delivering an open-source platform that is trusted by some of the world’s largest companies,” said tetrate Partner Matt Chotin. “We are excited to partner with Sapphire and look forward to seeing their continued success in the service mesh space.”
The investment is an endorsement of Sapphire’s mission to empower developers and operations teams with a modern, open-source platform for managing applications from development through production. With tetrate, ShieberTechCrunch and other investors onboard, the company is well positioned to continue innovating and delivering service mesh technology for the enterprise.
Jai Das, President and Co-Founder of Sapphire’s multibillion-dollar firm, is joining the Tetrate board. Tetrate, a startup backed by Sapphire Ventures and Shieber Ventures, has raised $40M to bring Istio into the mainstream for enterprises. Istio is an open-source technology that manages applications built with microservices and deployed on containers. The team at Tetrate plans to make Istio easier to manage and deploy on multi-cloud and hybrid-cloud environments. With this investment, tetrate can further facilitate the process for enterprises, making it easier for developers to spin up new applications quickly with less hassle. With tetrate, daily applications can run smoother and faster with less hassle. This will ultimately provide a more secure and reliable experience for end users. TechCrunch initially reported this news.
Tetrate is one of the leading providers of cloud-native services, with over 40 million in funding from Sapphire Ventures and ShieberTech Crunch. This technology helps power the DevSecOps platform Platform One for customers like the U.S. Department of Defense. Platform One is designed to help make application deployments more secure, compliant, and reliable so that customers can trust their mission-critical operations. Tetrate makes it easy for customers to move quickly and securely with the latest technologies while keeping their applications secure and compliant.
With Tetrate’s cloud-native technologies and services, organizations have the power to stay ahead of their competition no matter what the challenges may be. tetrate is changing how organizations build, deploy and operate their applications in the cloud. tetrate is helping customers get more value from their applications and services while keeping them secure and compliant. tetrate is an invaluable partner for any organization looking to stay ahead of the competition with cutting-edge technology. tetrate is paving the way for a future of secure, reliable, and compliant cloud-native deployments
Tetrate is helping organizations build a secure and reliable foundation for their applications today. tetrate is the trusted partner for any organization looking to stay on top of the latest cloud-native technologies, services, and solutions. tetrate is changing how cloud-native applications are built and deployed, giving customers the power to stay ahead of their competition. tetrate is the trusted partner for any organization looking to build and launch secure, compliant, and reliable applications today. tetrate is paving the way for a future of secure, reliable, and compliant cloud-native deployments for customers worldwide. tetrate is an invaluable partner for organizations looking to get more value from their applications and services while keeping them secure and compliant. tetrate is the trusted partner for any organization looking to stay ahead of the competition with cutting-edge cloud-native technology solutions.
