# Tetrate.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tetrate-io

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.tetrate.io
- Total disclosed funding: $53M
- Latest round: Series B (Feb 17, 2021)
- Investors on record: 8

## About

Tetrate.io, Inc. provides advanced application-aware networking solutions that streamline the management and deployment of cloud-native applications across various infrastructures, including multi-cloud and hybrid environments.Founded in 2018 in San Francisco, US, Tetrate focuses on application networking solutions. The company was co-founded by Hongtao Gao, Jeyappragash JJ, and Varun Talwar, who have extensive backgrounds in technology and startups. Tetrate has successfully closed two funding rounds, with the latest on February 17, 2021, which was a Series B round raising USD 40.00 mn led by Sapphire Ventures, along with participation from other investors such as Dell Technologies Capital and Intel Capital. The company has achieved a total amount raised of USD 40.00 mn and a current valuation of USD 158.246 mn.Tetrate specializes in application-aware networking solutions designed to optimize the deployment and management of cloud-native applications across diverse environments, including on-premises, multi-cloud, and hybrid cloud infrastructures. The company's core product offerings encompass the Tetrate Application Gateway, which orchestrates ingress traffic across various platforms; Tetrate Service Bridge, which connects and secures microservices efficiently; and the Tetrate Istio Subscription, providing enterprise-grade support for the Istio service mesh. These products address challenges related to traffic management, service visibility, and application security for enterprises in regulated industries such as financial services and government, serving clients mainly in North America, Europe, and Asia-Pacific markets.Tetrate generates revenue through a subscription-based model focusing on providing enterprise support and services for its flagship products. Customers typically engage in multi-year contracts that include technical support, updates, and access to additional features. The pricing structure is designed to accommodate the varying needs of enterprises, with packages tailored for different levels of support, scalability, and security compliance, particularly for industries requiring FIPS and FedRAMP compliance. This model enables predictable revenue streams and fosters deeper client engagement through continuous service enhancements and feature updates.Following the Series B funding round on February 17, 2021, where Tetrate raised USD 40.00 mn, the company plans to use the funding to further develop its hybrid cloud application networking and Istio-based platform. Tetrate aims to expand its market presence across Latin America, Europe, and Asia, with specific efforts to enhance service delivery and product offerings in these regions. The company is also focusing on launching new products that cater to the evolving demands of the cloud-native application landscape.

## Funding rounds

- Series B, Feb 17, 2021, $40M — Intel Capital, Scale Venture Partners, Sapphire Ventures, 8VC, Samsung NEXT Ventures, Dell Technologies Capital, NTT Venture Capital
- Series A, Mar 13, 2019, $13M — Intel Capital, 8VC, Samsung NEXT Ventures, Dell Technologies Capital, Rain Capital

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B
- 8VC (https://capitalatlas.ai/funds/8vc) — Series A, Series B
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series A, Series B
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series A, Series B
- Rain Capital (https://capitalatlas.ai/funds/rain-capital) — Series A
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series B
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series B
- NTT Venture Capital (https://capitalatlas.ai/funds/ntt-venture-capital) — Series B