What is Solo.io?
Founded in 2017 and headquartered in Cambridge, Massachusetts, Solo.io has emerged as a leader in the cloud-native ecosystem. The company specializes in connecting, securing, and observing Kubernetes-based applications and APIs, providing the essential plumbing for modern digital architectures. Its core offering, the Gloo Platform, is built upon robust open-source technologies including Istio, Envoy, Cilium, and eBPF. By abstracting the complexities of microservices networking, Solo.io enables organizations to accelerate their cloud journey while maintaining high standards of security and operational visibility. The company's commitment to open-source innovation ensures that its solutions remain at the forefront of industry standards, catering to the needs of large-scale enterprises undergoing digital transformation.
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 Altimeter Capital, Redpoint Ventures, and True Ventures
Key Investors in Solo.io
Altimeter Capital
Altimeter Capital is an investment firm that partners with technology companies from early growth through public markets, managing concentrated, long-term portfolios to support durable value creation.
Redpoint Ventures
Redpoint Ventures is a venture capital firm founded in 1999 that focuses on strategic investments in early growth-stage technology companies.
True Ventures
True Ventures is a founder-first venture capital firm that partners with creative teams at the earliest stages, providing capital and guidance to build enduring technology companies.
What's next for Solo.io?
Looking ahead, the recent capital injection will likely be directed toward scaling the company's go-to-market operations and deepening its engineering capabilities. As enterprises increasingly adopt multi-cloud and hybrid-cloud strategies, the demand for sophisticated networking and security layers becomes paramount. Solo.io is expected to leverage its current financial standing to enhance its Gloo Platform, potentially integrating more advanced AI-driven observability and automated security features. By maintaining its focus on open-source foundations, the company is poised to capture a larger share of the enterprise infrastructure market, effectively positioning itself as an indispensable partner for organizations navigating the complexities of modern application delivery.
See full Solo.io company page
