Tetrate is a cloud-native infrastructure company that specializes in helping businesses manage complex distributed systems across hybrid and multi-cloud environments. Founded in 2018, the company has quickly gained a reputation for its expertise in service mesh technology, which enables businesses to connect, manage, and secure their microservices-based applications.
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Tetrate recently raised $40 million in a lrtrading Series B funding round led by Sapphire Ventures, a Silicon Valley-based venture capital firm known for its investments in leading technology companies such as Box, Fitbit, and Square. The funding round also included participation from existing investors Scale Venture Partners, NTTVC, and Dell Technologies Capital, as well as new investor Intel Capital.
The funding will be used to accelerate Tetrate’s growth, expand its global footprint, and continue investing in its service mesh technology platform. With the funding, the company plans to hire more engineers, sales and marketing staff, and customer support personnel to help meet the growing demand for its services.
Tetrate’s service mesh technology is ifsptv designed to help businesses overcome the challenges of managing and securing complex distributed systems across hybrid and multi-cloud environments. Service mesh is a layer of infrastructure that provides a way to manage and secure communications between microservices-based applications. It helps businesses reduce the complexity of managing distributed systems, while also providing increased visibility and control over their applications.
Tetrate’s service mesh technology platform is built on top of Istio, an open-source service mesh platform that was developed by Google, IBM, and Lyft. The company has added its own proprietary features to the platform, such as a global control plane, multi-cluster support, and a hybrid cloud gateway, to provide businesses with enhanced capabilities for managing their distributed systems.
Tetrate has seen strong adoption of its service mesh technology among businesses in industries such as financial services, healthcare, and telecommunications. The company’s customers include leading brands such as Standard Chartered, Samsung, and Verizon, among others. Tetrate has also partnered with major cloud providers such as Google Cloud giveme5 and Amazon Web Services to offer its service mesh technology as part of their cloud offerings.
The Series B funding round is a significant milestone for Tetrate, as it validates the company’s approach to helping businesses manage and secure their distributed systems. With the funding, Tetrate is well-positioned to expand its global footprint, grow its customer base, and continue developing its service mesh technology platform.
Sapphire Ventures, the lead investor in the Series B funding round, is known for its track record of backing successful technology companies. The firm has invested in leading companies such as Fitbit, Box, and Square, among others, and has a deep understanding of the technology industry.
In addition to the funding, Tetrate has also 123chill announced that Jai Das, President and Managing Director of Sapphire Ventures, will be joining its board of directors. Das brings a wealth of experience in venture capital and has worked with some of the world’s leading technology companies. His expertise will be invaluable to Tetrate as it continues to scale its business and grow its service mesh technology platform.
In conclusion, Tetrate’s $40 million Series B funding round is a significant manytoons milestone for the company, as it validates its approach to helping businesses manage and secure complex distributed systems across hybrid and multi-cloud environments. With the funding, Tetrate is well-positioned to accelerate its growth, expand its global footprint, and continue investing in its service mesh technology platform. The company’s partnership with Sapphire Ventures and Jai Das joining its board of directors are also positive developments that will help Tetrate achieve its long-term goals.