About Solo.io
Solo.io is a company based in Cambridge (United States) founded in 2017 by Idit Levine.. Solo.io has raised $175.1 million across 5 funding rounds from investors including Altimeter Capital, Redpoint Ventures and True Ventures. The company has 33 employees as of December 31, 2020. Solo.io offers products and services including Gloo Gateway, Gloo AI Gateway, and Gloo Mesh. Solo.io operates in a competitive market with competitors including Jitterbit, Docker, Platform9 Systems, Kong and Boomi, among others.
- Headquarter Cambridge, United States
- Employees 33 as on 31 Dec, 2020
- Founders Idit Levine
- Stage Unicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Solo.Io, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$175.1 M (USD)
in 5 rounds
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Latest Funding Round
$135 M (USD), Series C
Oct 07, 2021
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Investors
Altimeter Capital
& 5 more
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Employee Count
33
as on Dec 31, 2020
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Products & Services of Solo.io
Solo.io offers a comprehensive portfolio of products and services, including Gloo Gateway, Gloo AI Gateway, and Gloo Mesh. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages API connectivity for external and internal traffic securely.
Integrates AI features with cloud-native technologies for applications.
Secures and observes microservices in distributed environments efficiently.
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Funding Insights of Solo.io
Solo.io has successfully raised a total of $175.1M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $135 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $135.0M
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First Round
First Round
(27 Sep 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series C - Solo.io | Valuation | Altimeter Capital | |
| Sep, 2020 | Amount | Series B - Solo.io | Valuation | Redpoint Ventures , True Ventures |
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| Dec, 2018 | Amount | Series A - Solo.io | Valuation | Redpoint Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Solo.io
Solo.io has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Altimeter Capital, Redpoint Ventures and True Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Long/short equity hedge fund and VC fim
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Founded Year | Domain | Location | |
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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solo.io
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Solo.io
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solo.Io Comparisons
Competitors of Solo.io
Solo.io operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jitterbit, Docker, Platform9 Systems, Kong and Boomi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
API management software is provided for lifecycle development and monitoring.
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| domain | founded_year | HQ Location |
Cloud based open source platform offering docker suite
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| domain | founded_year | HQ Location |
Container development and management platforms are provided for private clouds.
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| domain | founded_year | HQ Location |
Kong Inc. is recognized for providing a unified API platform.
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| domain | founded_year | HQ Location |
Cloud-based API management and iPaaS solutions are delivered for integrations.
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| domain | founded_year | HQ Location |
Cloud-based software for container and infrastructure management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Solo.Io
Frequently Asked Questions about Solo.io
When was Solo.io founded?
Solo.io was founded in 2017.
Where is Solo.io located?
Solo.io is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Solo.io?
Idit Levine is the current CEO of Solo.io. They have also founded this company.
Is Solo.io a funded company?
Solo.io is a funded company, having raised a total of $175.1M across 5 funding rounds to date. The company's 1st funding round was a Series A of $11.35M, raised on Sep 27, 2017.
How many employees does Solo.io have?
As of Dec 31, 2020, the latest employee count at Solo.io is 33.
What does Solo.io do?
Connects applications with APIs and service mesh across any infrastructures. Its products include Gloo, Service Mesh Hub, and Web Assembly Hub. It is a cloud native API Gateway and Ingress Controller built on Envoy Proxy to connect, secure and control traffic across all your application services. The Service Mesh Hub helps organizations streamline the deployment, management, and extensibility of any service mesh on any cloud for any application. Web Assembly Hub extends the Envoy Proxy, Gloo API gateway, and Istio service mesh with a Wasm module in the language of user choice. It claims to provide solutions such as Hybrid applications, Kubernetes Ingress, Microservices, and Service Mesh.
Who are the top competitors of Solo.io?
What products or services does Solo.io offer?
Solo.io offers Gloo Gateway, Gloo AI Gateway, and Gloo Mesh.
Who are Solo.io's investors?
Solo.io has 6 investors. Key investors include Altimeter Capital, Redpoint Ventures, True Ventures, Puneet Agarwal, and Semil Shah.
What is Solo.io's valuation?
The valuation of Solo.io is $1B as of Oct 2021.
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