Tetrate, a San Francisco, CA-based enterprise service mesh company managing the complexity of modern, hybrid cloud application infrastructure, raised $40m in Series B funding.
The round was led by Sapphire Ventures with participation from new investors Scale Venture Partners and NTTVC, and existing investors Dell Technologies Capital, Intel Capital, 8VC, and Samsung NEXT. In conjunction with the funding, Jai Das, Sapphire Ventures President and Partner, will join Tetrate’s Board of Directors.
The company intends to use the funds to develop advanced capabilities within Tetrate Service Bridge, support a new SaaS offering, the Istio-based platform that makes the application service mesh easier to consume, expand go-to-market activities in the Americas and initiate go-to-market teams in Europe and Asia.
Led by Varun Talwar, CEO and co-founder, and Jeyappragash (JJ) Jeyakeerthi, who previously led Twitter’s Cloud Infrastructure Management Platform, Tetrate is an enterprise service mesh company managing the complexity of modern, hybrid cloud application infrastructure. Its flagship product, Tetrate Service Bridge, provides a comprehensive, enterprise-ready service mesh platform built for multi-cluster, multitenancy, and multi-cloud deployments. Customers get baked-in observability, runtime security and traffic management in any environment.
Adopted by customers including Fortune 200 financial services, telco, retail, media, and US federal government organizations, Tetrate is a platform-neutral and cloud-neutral company providing commercial support for Istio — also building a service mesh platform that’s based on Istio and Envoy. The company partnered with NIST to define service mesh security standards and to implement NIST’s authorization framework, Next Generation Access Control.
FinSMEs
10/03/2021