Tetrate, the enterprise service mesh company, today launched with $12.5M in funding, led by Dell Technologies Capital with participation from 8VC, Intel Capital, Rain Capital and Samsung NEXT.
The funding round also includes participation from industry executives
Pankaj Patel, former Chief Development Officer at Cisco; Guido
Appenzeller, Chief Product Officer at Yubico and former CTO Cloud &
Networking at VMware; BV Jagadeesh, founder of Netscaler & Managing
partner at KAAJ Ventures and Shiva Rajaraman, Chief Product Officer at
WeWork, and others supporting Tetrate's mission. In addition to building
an enterprise-grade service mesh platform, Tetrate plans to use the new
funding to expand its open source leadership and deepen its
contributions to the open source community.
Tetrate aims to disrupt the multi-billion dollar networking market by leveraging Envoy and Istio,
the industry standard open source "service mesh" networking projects
for the microservices world. Envoy is the microservices- friendly
network load balancer that is replacing older generation tools (Nginx,
HA-Proxy etc) in webscale companies such
as Lyft, Pinterest and Square. Istio, created at Google, is the control
plane layer over Envoy. Tetrate augments these projects with
enterprise-grade scalability, performance and ecosystem adapters, while
also extending them to work in brown-field virtual machine-based
environments both in public and private clouds.
Founded
by the pioneers of gRPC and Istio from Google, Tetrate's team comprises
core maintainers of Envoy, key engineers of Istio, and other leading
open source experts. Tetrate team members will host Service Mesh Day 2019,
the first industry conference focused on service mesh, on Mar 29, 2019
in San Francisco, supported by the Cloud Native Computing Foundation
(CNCF) and Google.
"Fortune
500 enterprises need a microservices-friendly networking layer to power
their digital transformation, including application modernization and
public/hybrid cloud adoption," said Varun Talwar, CEO of Tetrate and
formerly co-creator of Istio at Google. "Tetrate's mission is to create a
secure and flexible application networking layer to help enterprises
transition from their decades-old rigid networking stack. Our tools and
technologies will help customers with availability and manageability of
their applications as they undergo this transformation."
A recent survey from
Dimensional Research conducted in April 2018, indicated that 86% of
companies expect microservices to be a default part of their application
stack in next 5 years.
"We
worked closely with the core Envoy and Istio contributors at Google and
Tetrate," said Mike O'Brien, Director of Platform Engineering at
Trulia. "They helped us avoid common pitfalls, put Istio in production,
and allowed us to collaborate on usability improvements."
Tetrate
also announced a collaboration with Google for operating hybrid cloud
environments with Istio as well as one with the Cloud Native Computing
Foundation (CNCF).
"Service
meshes are integral to organizations as they begin their cloud-native
evolution," said Chris Aniszczyk, CTO/COO of the Cloud Native Computing
Foundation. "I'm thrilled to see the launch of Tetrate to bring their
broad service mesh expertise to the enterprise. They have been pioneers
in the enterprise service mesh space through their contributions to
Envoy, Istio and the broader CNCF ecosystem."
"Google
Cloud's leadership in service mesh technologies stems from our goal of
making hybrid cloud seamless for customers. The Tetrate team brings
strong expertise in this space for cloud-native and brownfield
deployments," said Prajakta Joshi, Senior Product Manager for Cloud
Networking, Google Cloud. "We look forward to collaborating with Tetrate
to help our joint customers harness these technologies for their
digital transformation."
Envoy production usage has jumped from 4% of large organizations to 24% from March - October 2018, as per a recent CNCF survey. Tetrate announced that the company will release certified builds of envoy proxy to
ease the adoption of Envoy on various platforms. Along with that, they
announced a list of other open source tools to accelerate organizations'
transition to microservices.
"Open
source should be an integral part of any company's software and
operations strategy today," said Envoy founder and Lyft Engineer Matt
Klein. "Interoperability
will be the key factor in the next phase of cloud adoption, so having
deep roots within the open source community gives Tetrate instant
credibility among cloud-first companies."
"Tetrate's
team drove some of the fundamental innovations for the microservices
networking stack thereby winning the confidence of CNCF, Google Cloud
and Envoy Creator Matt Klein," said Deepak Jeevankumar, Managing
Director at Dell Technologies Capital. "We look forward to helping
Tetrate bring their innovations to Fortune 500 enterprises undergoing
digital transformation journeys."