Tetrate builds Tetrate Service Bridge, a cloud-agnostic, hybrid-cloud application networking and enterprise-ready service mesh platform based on Istio and Envoy. The company is a top contributor to Istio and the second-largest contributor to Envoy Proxy, and it offers commercial support for Istio across multi-cluster, multitenant, and multi-cloud deployments. Tetrate plans to use its Series B proceeds to develop advanced capabilities within Tetrate Service Bridge and to launch a new Istio-based SaaS offering to simplify service-mesh consumption. The funding will also support expanded go-to-market activities in the Americas and the creation of go-to-market teams in Europe and Asia. Customers cited in the articles include the US Department of Defense, FICO, and Square across financial services, telco, retail, media, and federal government organizations. Tetrate said it doubled its team and achieved a 10x increase in customer base and revenue in the prior year. Tetrate commercializes and supports the open-source Istio and Envoy projects, offering network-management and service-mesh tooling for microservices-based applications. The company offers professional services, certified builds of Envoy proxy and other open-source components, and aims to deliver enterprise-grade extensibility, scalability and performance. Tetrate’s founders are engineers who helped create Istio at Google and the company intends to speed adoption of microservices development within businesses. It plans partnerships with Google and the Cloud Native Computing Foundation to operate hybrid computing environments. The company launched with new financing to fund its go-to-market and product efforts and emphasizes availability and manageability for customers undergoing cloud modernization.

Total raised

$53M

Funding rounds

2

Latest round

Series B

Latest activity

Mar 2021