Tetrate, Started by Istio Founders, Raises $40 Million to Help Enterprises With Cloud-Native Application Networking Platform
Summary
Both the product and background of the founding team lead us to believe that Tetrate is poised to bring Istio into the mainstream for enterprises by making it easy to manage and deploy on multi-cloud and hybrid cloud environments. The applications we use daily require a lot of work in the background, and Tetrate helps make that happen with its Istio-based service mesh technology, which helps route traffic between microservices, add visibility and enhance security.” Formed in 2018, Tetrate’s $12.5 million Series A funding round in March 2019 enabled the company to rapidly expand its open source leadership and deepen its contributions to the open source community. — Jeet Kaul, VP Engineering, FICO "Squares infrastructure relies heavily on best-of-breed open source service mesh technologies Envoy and Istio that are fast becoming de facto standards. We rely on these both in the datacenter (for Squares Seller business) as well as in the cloud (for CashApp) to provide a high degree of reliability in load distribution, service discovery and routing, with industry-leading security features. Notable investments include Adallom, Arista Networks, Cylance, Docusign, Graphcore, Humio, JFrog, MongoDB, Netskope, Nuvia, Nutanix, Packet, RedLock, RiskRecon, TwistLock, Wavefront, and Zscaler.