Overview

Solo.io specializes in cloud-native API management and service mesh solutions, providing tools that help businesses manage, secure, and optimize their application networking in cloud environments. Their main products include Gloo Gateway, a Kubernetes-native gateway for API management, and Gloo Mesh, a service mesh platform that enhances networking and security for microservices. The Spotlight Developer Platform further supports developers by offering a secure environment with curated plugins and insights. Solo.io differentiates itself by offering both open-source and enterprise-grade solutions, and it generates revenue through subscriptions, consulting, and partnerships. The company's goal is to accelerate digital transformation for businesses by unlocking the full potential of cloud technologies.

Simplify's Take

What believers are saying

• Increased adoption of eBPF technology aligns with Solo.io's product offerings.
• The rise of multi-cloud strategies boosts demand for Solo.io's Gloo Mesh.
• Growing interest in AI-driven development supports Solo.io's Gloo AI Gateway.

What critics are saying

• Emerging startups in cloud-native space threaten Solo.io's market share.
• Rapid evolution of open-source technologies may outpace Solo.io's integration capabilities.
• Reliance on cloud provider partnerships poses risk if providers develop competing solutions.

What makes Solo.io unique

• Solo.io's Gloo Platform integrates Istio and Cilium for enhanced service mesh capabilities.
• The Spotlight Developer Platform offers curated plugins and multi-cluster support for developers.
• Solo.io's Gloo AI Gateway addresses AI-driven use cases in cloud-native environments.

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Funding

Total Funding

$171.5M

Above

Industry Average

Funded Over

4 Rounds

$135,000,000

Series C

Oct 2021

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$135M

View all funding stages