Tetrate 40m venturesshiebertechcrunch
Tetrate, a company that specializes in helping lrtrading enterprises manage their applications in a hybrid and multi-cloud environment, recently raised $40 million in a Series B funding round led by Sapphire Ventures. The round also saw participation from existing investors including Dell Technologies Capital, Intel Capital, and 8VC. With this funding, the company aims to further develop its platform and expand its reach in the market.
Tetrate’s platform helps organizations to securely manage their applications across different cloud environments including Kubernetes, Istio, and Envoy. The platform provides end-to-end visibility, policy-based security, and traffic management for cloud-native applications. The company was founded in 2018 by Varun Talwar, Jeyappragash Kasilingam, and Louis Ryan, who all previously ifsptv worked at Google and helped develop its Kubernetes, Istio, and Envoy projects.
The recent funding round brings Tetrate’s giveme5 total funding to $60 million. The company previously raised $12.5 million in a Series A funding round led by Dell Technologies Capital in 2019. Since then, the company has grown rapidly, attracting new customers and expanding its platform’s capabilities.
Tetrate’s success can be attributed to the growing demand for hybrid and multi-cloud management solutions. As more organizations adopt cloud-based technologies, they are faced with the challenge of managing their applications across different cloud environments, which can be complex and time-consuming. Tetrate’s platform helps to simplify this process, providing organizations with a single platform to manage their applications securely and efficiently.
In addition to its platform, Tetrate has also launched a number of new products and services to help organizations manage their cloud environments. For example, the company recently launched Tetrate Service Bridge, a new product that provides a unified platform for service discovery, load balancing, and traffic management across hybrid and multi-cloud environments. The company has also launched Tetrate Istio, a commercial version of the open-source Istio project, which provides organizations with additional features and support.
Tetrate’s success has not gone 123chill unnoticed by investors, and the recent funding round led by Sapphire Ventures is a testament to this. The venture capital firm, which has previously invested in companies such as Cloudflare, Sumo Logic, and Palo Alto Networks, sees great potential in Tetrate’s platform and its ability to help organizations manage their applications across different cloud environments.
According to Rajeev Dham, Managing Director at Sapphire Ventures, “Tetrate is a leading provider of hybrid and multi-cloud application management solutions, and we are excited to partner with them as they continue to innovate and expand their platform. The company has a talented team with deep expertise in cloud-native technologies, and we believe that they are well-positioned to meet the growing demand for these solutions.”
Looking ahead, Tetrate has ambitious plans for growth. The company aims to expand its platform’s capabilities, attract new customers, and enter new markets. With the recent funding round, the company is well-positioned to achieve these goals and continue its success in the hybrid and multi-cloud management space.
In conclusion, Tetrate’s $40 million Series B manytoons funding round led by Sapphire Ventures is a testament to the growing demand for hybrid and multi-cloud management solutions. The company’s platform provides organizations with a secure and efficient way to manage their applications across different cloud environments, and its recent product launches have helped to further enhance its capabilities. With the support of its investors, Tetrate is well-positioned to continue its growth and success in the years to come.