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 aligns with Solo.io's use of Cilium for security.
• Rise of AI-driven development boosts demand for Gloo AI Gateway.
• Multi-cloud strategies increase need for Gloo Mesh's complex networking management.

What critics are saying

• Competition from Kong Inc. and NGINX in service mesh and API management.
• Potential security vulnerabilities in open-source components like Istio and Envoy.
• Rapid technological changes may outpace Solo.io's innovation and adaptation.

What makes Solo.io unique

• Solo.io integrates Istio and Cilium for comprehensive service mesh and network security.
• Gloo Platform offers a unique blend of API management and service mesh solutions.
• Spotlight Developer Platform enhances developer productivity 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