What is Solo.io?
Founded in 2017 and headquartered in Cambridge, Massachusetts, Solo.io has established itself as a leader in cloud-native application networking. The company specializes in connecting, securing, and observing Kubernetes-based applications and APIs through its flagship Gloo Platform. By leveraging open-source technologies such as Istio, Envoy, Cilium, and eBPF, Solo.io provides a robust framework that enables enterprises to navigate the complexities of multi-cloud environments. The company's commitment to open-source innovation ensures that its solutions remain at the forefront of the industry, facilitating seamless integration for organizations transitioning to cloud-native architectures.
How much funding has Solo.io raised?
Solo.io has raised a total of $172.3M across 4 funding rounds:
Angel/Seed
$3.3M
Series A
$11M
Series B
$23M
Series C
$135M
Angel/Seed (2018): $3.3M with participation from Puneet Agarwal
Series A (2018): $11M led by Redpoint Ventures and True Ventures
Series B (2020): $23M supported by Redpoint Ventures and True Ventures
Series C (2021): $135M featuring Redpoint Ventures, True Ventures, and Altimeter Capital
Key Investors in Solo.io
Redpoint Ventures
Redpoint Ventures is a venture capital firm established in 1999 that focuses on providing strategic capital to early growth-stage technology companies.
True Ventures
True Ventures is a founder-first investment firm that partners with creative teams at the earliest stages to build enduring technology and AI-driven enterprises.
Altimeter Capital
Altimeter Capital is an investment firm that supports technology companies from early growth through public markets, focusing on long-term value creation.
What's next for Solo.io?
With this major enterprise-level funding, Solo.io is well-positioned to accelerate its product roadmap and expand its market reach. The strategic focus will likely center on deepening the capabilities of the Gloo Platform, particularly in areas of observability and security for complex, distributed systems. As enterprises increasingly adopt microservices and serverless architectures, the demand for sophisticated networking and API management tools is expected to surge. Solo.io is poised to capitalize on this trend by scaling its engineering efforts and strengthening its go-to-market strategy, ensuring it remains the preferred partner for organizations seeking to optimize their cloud-native infrastructure and achieve long-term operational resilience.
See full Solo.io company page
