Tetrate is a company that provides solutions for cloud-native service meshes. It was founded as a spin-off of the open-source Istio project, which was created to provide a way for developers to manage the communication between the microservices that make up a cloud-native application. tetrate series venturesshiebertechcrunch
In terms of the $40 million funding, it is likely that the company has raised this amount from investors in a recent funding round. This is a common way for startups to secure additional capital to fund their operations and growth. The funds raised can be used for a variety of purposes, such as hiring new employees, expanding into new markets, developing new products, or acquiring other companies.
Sapphire Ventures is a venture capital firm that invests in technology startups. It’s possible that they were one of the investors in this funding round for Tetrate. With the new funding, Tetrate will likely be able to further accelerate its growth and expansion and continue to develop and improve its products and services.
