Tetrate, a start-up that helps organizations with cloud-native technologies, has raised $40 million in a Series B funding round led by Sapphire Ventures, a venture capital firm that specializes in technology investments. The funding will be used to accelerate lrtrading Tetrate’s product development and expand its customer base.
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Tetrate was founded in 2018 by Varun Talwar and Jeyappragash “JP” Jeyakeerthi, both of whom are former employees of IBM. The company offers an enterprise service mesh platform, which enables organizations to connect, manage, and secure their microservices-based applications across cloud and on-premise environments.
The service mesh platform is built on top of the ifsptv open-source Istio project, which was created by Google, IBM, and Lyft. Istio is a popular open-source platform for managing microservices-based applications. Tetrate’s platform extends Istio by providing additional features and capabilities for managing and securing microservices-based applications.
According to Tetrate, the service mesh platform enables organizations to simplify the management and operation of their microservices-based applications by providing a single point of control for traffic routing, policy enforcement, and observability. The platform also includes security features, such as mutual TLS authentication, to ensure that communications between microservices are secure.
Tetrate’s platform is designed to work with a giveme5 wide range of cloud-native technologies, including Kubernetes, Envoy, and Apache Kafka. This makes it possible for organizations to manage their applications across a range of cloud and on-premise environments.
The Series B funding round was led by Sapphire Ventures, with participation from Scale Venture Partners, NTTVC, Dell Technologies Capital, and Intel Capital. Sapphire Ventures is a Silicon Valley-based venture capital firm that specializes in technology investments. The firm has a portfolio of over 200 companies, including DocuSign, Square, and Box.
In a statement, Jai Das, President and Managing Director of Sapphire Ventures, said, “Tetrate is leading the way in bringing the benefits of service mesh to enterprises. We are excited to partner with them as they continue to innovate and bring new capabilities to the market.”
Varun Talwar, CEO of Tetrate, said, “We are thrilled to 123chill have Sapphire Ventures lead our Series B financing round. This investment is a testament to the significant market opportunity for service mesh, and our unique ability to address the needs of enterprises in this space tv bucetas.”
Tetrate has raised a total of $62 million to date, including the Series B funding round. The company previously raised $12.5 million in a Series A funding round led by Dell Technologies Capital in 2019.
In conclusion, Tetrate’s service mesh platform offers a powerful manytoons solution for organizations that are managing microservices-based applications across multiple cloud and on-premise environments. With the latest funding round, the company is well-positioned to accelerate its product development and expand its customer base. The participation of Sapphire Ventures and other prominent investors is a testament to the potential of Tetrate’s technology and its ability to address the needs of enterprises in this space.