What is Solo.io?
Founded in 2017 and headquartered in Cambridge, MA, Solo.io has established itself as the leading cloud-native application networking company. Its core mission is to connect, secure, and observe Kubernetes applications and APIs for businesses globally. The company's flagship Gloo Platform is instrumental for organizations navigating their cloud journey, offering advanced solutions built upon open-source technologies such as Istio, Envoy, Kubernetes, Cilium, eBPF, GraphQL, WebAssembly, and Linux. This foundation in open source allows Solo.io to provide flexible and powerful networking capabilities essential for modern cloud infrastructure.
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
Redpoint Ventures
Redpoint Ventures, founded in 1999, is a venture capital firm that focuses on investments in early growth-stage companies, providing strategic capital to fuel expansion.
True Ventures
True Ventures is a founder-first venture capital firm that partners with creative teams at the earliest stages, offering capital and guidance to build enduring technology companies.
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.
What's next for Solo.io?
The recent major strategic investment into Solo.io, following its Series B and Series C funding rounds, indicates a strong market confidence in the company's vision and execution. This capital infusion is expected to accelerate Solo.io's product development, expand its go-to-market strategies, and further solidify its position as an industry leader in cloud-native application networking. The company is poised to leverage this financial backing to drive innovation, enhance its Gloo Platform's capabilities, and support the increasing demand for secure and observable Kubernetes environments.
See full Solo.io company page
