What is Tetrate?
Founded by the original creators of Istio, Tetrate is dedicated to reimagining application networking for the modern enterprise. Its flagship offering, Tetrate Service Bridge, serves as a comprehensive edge-to-workload connectivity platform. By abstracting the complexities of hybrid cloud infrastructure, the company enables enterprises to maintain business continuity and agility while enforcing rigorous security standards. As a leading contributor to open-source projects like Istio and Envoy Proxy, Tetrate occupies a critical position in the cloud-native ecosystem, providing the foundational layer necessary for large-scale digital transformation initiatives.
How much funding has Tetrate raised?
Tetrate has raised a total of $52.5M across 2 funding rounds:
Series A
$12.5M
Series B
$40M
Series A (2019): $12.5M with participation from Dell Technologies Capital
Series B (2021): $40M led by Samsung NEXT, Sapphire Ventures, BA Venture Partners, Dell Technologies, NTTVC, Intel Capital, and The 8VC
Key Investors in Tetrate
Samsung NEXT
Samsung NEXT is a venture arm that combines product development, investment, and M&A to support software and services that complement Samsung's global hardware ecosystem.
Sapphire Ventures
Sapphire Ventures is a Palo Alto-based venture capital firm that specializes in scaling technology companies through strategic investment and operational support.
Intel Capital
Intel Capital is the investment division of Intel, focusing on high-growth startups in sectors such as artificial intelligence, cloud computing, and next-generation data center technologies.
What's next for Tetrate?
With this latest capital injection, Tetrate is well-positioned to expand its engineering capabilities and broaden its enterprise reach. The strategic focus will likely center on enhancing the automation features of its service mesh platform to meet the evolving needs of global organizations managing complex, multi-cloud deployments. By leveraging its deep expertise in open-source networking, Tetrate aims to set the industry standard for secure, high-performance application connectivity. As the market for hybrid cloud management continues to mature, the company's ability to deliver baked-in observability and runtime security will be a key differentiator in maintaining its competitive edge.
See full Tetrate company page
