Tetrate 40m ventures shieber techcrunch
Tetrate, a San Francisco-based cloud-native infrastructure lrtrading company, has raised $40 million in a Series B funding round led by Sapphire Ventures, a Silicon Valley-based venture capital firm. The funding round also included participation from Scale Venture Partners and NTTVC, as well as previous investors.
Founded in 2018, Tetrate provides a platform that is built on top of Istio, an open-source service mesh. The platform offers a range of features and tools for modernizing infrastructure, including traffic management, advanced security features, observability, and multi-cloud support. The company was founded by engineers from Google, IBM, and Lyft, and has partnerships with leading technology companies such as Google, IBM, and Cisco.
Tetrate’s platform enables businesses to manage ifsptv and secure microservices in a cloud-native environment. Microservices are a modern architecture pattern in which an application is composed of many small, independent services that work together to provide the overall functionality of the application. Microservices can be deployed and scaled independently, which can improve agility and scalability in software development.
However, managing and securing microservices can be challenging, particularly in a cloud-native environment where microservices may be distributed across many different environments and cloud providers. Tetrate’s platform simplifies this complexity by providing a range of features and tools for managing and securing microservices in a cloud-native environment.
One of the key features of Tetrate’s giveme5 platform is traffic management, which enables businesses to manage traffic between microservices in a cloud-native environment. The platform also provides advanced security features, such as mutual TLS, which encrypts traffic between microservices and ensures that only authorized services can communicate with each other.
The observability feature of the platform provides detailed insights into the performance and health of microservices, making it easy to troubleshoot issues and optimize performance. Finally, the multi-cloud support feature of the platform enables businesses to deploy and manage applications across multiple cloud providers, making it easy to work in a hybrid or multi-cloud environment.
Tetrate’s platform is built on top of Istio, an open-source service mesh that is quickly becoming a standard in the cloud-native world. Istio provides a range of features and tools for managing and securing microservices, including traffic management, security, and observability.
Tetrate is one of the leading companies in the Istio ecosystem, and its 123chill platform provides a range of value-added features and tools that are not available in the core Istio platform. For example, Tetrate’s platform provides multi-cloud support, which enables businesses to deploy and manage applications across multiple cloud providers.
The Series B funding round will enable Tetrate to accelerate its growth and expand its product offerings. The company plans to use the funds to invest in engineering and product development, as well as expand its sales and marketing efforts. The funding will also enable Tetrate to expand its partnerships with leading technology companies and cloud providers.
Sapphire Ventures, the lead investor in the funding round, is a well-known venture capital firm that has backed successful companies such as MuleSoft, Alteryx, and Square. The firm specializes in investing in innovative technology companies, and has a deep understanding of the cloud-native infrastructure space.
In conclusion, Tetrate is a promising company in the manytoons cloud-native infrastructure space, with a strong platform and 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. The investment will help businesses modernize their infrastructure and achieve greater agility and scalability in the cloud.