How Much Did Solo.io Raise? Headquarters, Funding & Key Investors

Solo.io, founded in 2017 in Cambridge, Massachusetts, has raised $175 million in funding, reaching a $1 billion valuation as of October 2021. The company’s latest $135 million Series C was led by Altimeter Capital, alongside Redpoint Ventures and True Ventures. Backed by notable investors like Semil Shah, Solo.io specializes in cloud-native API management and service mesh solutions, offering products such as Gloo Gateway, Service Mesh Hub, and WebAssembly Hub. The company’s technologies help enterprises securely connect, manage, and scale applications across hybrid and multi-cloud infrastructures.

How Much Did Solo.io Raise? Funding & Key Investors

Solo.io is a leading cloud-native application networking company that connects applications and APIs across any infrastructure. Founded in 2017 by Idit Levine and headquartered in Cambridge, Massachusetts, the company employs 33 professionals dedicated to modernizing enterprise connectivity. Solo.io’s flagship offerings Gloo Gateway, Service Mesh Hub, and WebAssembly Hub empower organizations to simplify microservices management, enhance Kubernetes ingress, and ensure secure API communication. Trusted by global enterprises, Solo.io is driving the future of hybrid cloud networking and service mesh orchestration through open-source innovation.

What Is Solo.io and What Does It Do?

Solo.io is a cloud-native API and service mesh platform designed to help enterprises connect, secure, and manage applications across hybrid and multi-cloud environments.

Founded in 2017 by Idit Levine and headquartered in Cambridge, United States, Solo.io employs 33 professionals. Its products Gloo Gateway, Service Mesh Hub, and WebAssembly Hub enable organizations to build scalable, secure, and observable microservice architectures.

By extending open-source technologies like Envoy Proxy and Istio, Solo.io delivers seamless API connectivity and real-time traffic control for modern cloud workloads.

How Much Funding Has Solo.io Raised?

Series A

Amount Raised: $11.3M
Date: December 2018
Lead Investors: Redpoint Ventures, True Ventures
Motivation: To develop the Gloo Gateway and strengthen the company’s early go-to-market strategy.

Series B

Amount Raised: $23M
Date: September 2020
Lead Investors: Redpoint Ventures, True Ventures
Motivation: To accelerate product innovation and expand its engineering and sales teams.

Series C

Amount Raised: $135M
Date: October 2021
Lead Investors: Altimeter Capital, Redpoint Ventures, True Ventures
Motivation: To scale operations globally and enhance enterprise-grade API and service mesh capabilities.

Total Funding Raised: $175 Million

Current Valuation: $1 Billion (as of October 2021)

Latest Funding Date: October 2021

Key Investors

Altimeter Capital

Details: Altimeter Capital is a U.S.-based investment firm focused on technology and innovation across both private and public markets.
Investment Focus Areas: Cloud infrastructure, enterprise software, and emerging technologies.
Notable Investments: Snowflake, UiPath, Roblox, Solo.io.

Redpoint Ventures

Details: Redpoint Ventures is a venture capital firm that invests in early-stage technology startups transforming cloud computing, APIs, and infrastructure.
Investment Focus Areas: Cloud, API management, AI, and open-source ecosystems.
Notable Investments: Twilio, Stripe, HashiCorp, Solo.io.

True Ventures

Details: True Ventures is an early-stage venture capital firm supporting founders in software, infrastructure, and next-generation platforms.
Investment Focus Areas: Cloud, open-source, and developer tools.
Notable Investments: Automattic, Duo Security, Puppet, Solo.io.

Semil Shah

Details: Semil Shah is a venture capitalist and founder of Haystack, known for early investments in high-growth technology companies.
Investment Focus Areas: SaaS, developer tools, and enterprise infrastructure.
Notable Investments: Instacart, DoorDash, HashiCorp, Solo.io.

Where Is Solo.io’s Headquarters?

Solo.io is headquartered in Cambridge, Massachusetts (United States), a significant innovation hub for cloud computing, AI, and open-source development. This location provides Solo.io access to top engineering talent, proximity to leading universities like MIT, and partnerships with enterprise clients across North America.

What’s Next for Solo.io?

Solo.io is set to expand its API management and service mesh ecosystem through enhanced integrations with Kubernetes, Istio, and Envoy Proxy. Following its $135 million Series C round, the company plans to focus on multi-cloud observability, WebAssembly innovation, and enterprise-grade security features. With growing global demand for hybrid cloud networking, Solo.io aims to solidify its leadership in API infrastructure.

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