Tetrate announced it has raised $40 million in a Series B funding round led by Sapphire Ventures. Other new investors, Scale Venture Partners and NTTVC, and existing investors, Dell Technologies Capital, Intel Capital, 8VC, and Samsung NEXT, participated in the round.

Tetrate is a leading enterprise-grade service mesh company founded by key creators and maintainers of the Istio and Envoy open-source projects. The company's service mesh platform makes it easy for DevOps, security, and network administrators to manage the complexity of modern hybrid cloud application infrastructure.