Solo.io, the modern API infrastructure company delivering application networking from the edge to service mesh, has raised $23 million in Series B round of financing, enabling the company to continue offering cloud-native community innovation.
Co-led by prior investors Redpoint Ventures and True Ventures, this latest funding round brings the company’s total funding amount to $37 million.
“We launched Solo.io with the understanding that the application network will be critical for growing adoption of microservices architecture and believe that service mesh is the future. In the past few years, we’ve worked closely with our customers to build products that help them modernize their existing applications and make it easier to build and deploy new applications using innovative technologies like Envoy, service mesh, and WebAssembly,” said Idit Levine, founder and CEO, Solo.io. “This latest financing is focused on scaling our operations to meet the rapidly growing customer demand.”
Solo.io delivers API infrastructure that helps enterprises adopt, secure, and operate modern application networks from the edge to the service mesh.
The cross-industry move to microservices and cloud-native architecture is API-driven and sets the foundation for developers, partners, and customers to interact with application services quickly, effectively, and securely.
Today’s enterprises are actively using Kubernetes and service mesh technologies in production, and with this level of adoption comes a need for more tooling to manage and federate security, traffic routing, observability, and integration points.
In addition to the new funding round, Solo.io is also announcing:
- Gloo API Gateway 1.5: Includes improvements to multi-cluster failover, security, traffic control, and the dev-to-ops experience
- Developer Portal for Gloo and Istio: Provides enhancements to portal customization, security, and routing
- New customer Crealogix: io and Crealogix partner to deliver a secure digital banking platform on Kubernetes
For more information about this news, visit www.solo.io.