Overview

Solo.io specializes in cloud-native API management and service mesh solutions. Its main products include Gloo Gateway, a Kubernetes-native gateway for managing APIs, and Gloo Mesh, a service mesh platform that enhances networking and security for microservices. Gloo Gateway allows businesses to efficiently manage communication between different software applications, while Gloo Mesh provides lifecycle management and insights for container workloads. Additionally, the Spotlight Developer Platform offers a secure environment for developers with curated plugins and multi-cluster support. Solo.io differentiates itself by providing both open-source and enterprise-grade solutions, generating revenue through subscriptions, consulting, and partnerships. The company's goal is to accelerate digital transformation for businesses by optimizing their application networking in cloud environments.

Simplify's Take

What believers are saying

• Increased adoption of eBPF technology improves performance and reduces resource consumption.
• Partnerships with major cloud providers like AWS expand market reach.
• Growing demand for multi-cloud solutions boosts Solo.io's flexible networking offerings.

What critics are saying

• Competition from established companies like Red Hat and VMware is intensifying.
• Potential security vulnerabilities in open-source components like Istio and Envoy.
• Rapid technological changes may outpace Solo.io's ability to innovate.

What makes Solo.io unique

• Solo.io integrates AI-driven capabilities in API management and service mesh solutions.
• Gloo Platform offers a lightweight, scalable, and secure Kubernetes-native gateway.
• Spotlight Developer Platform enhances developer experience with streamlined workflows and robust insights.

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Funding

Total Funding

$166.8M

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