Companies migrating to the cloud has become as predictable as geese flying south for the winter.
And thanks to Solo.io, that migration doesn’t have to be so complicated. The Cambridge-based company’s software helps streamline companies’ adoption and operation of cloud technologies so that they don’t have to rewrite their entire codebases — and the startup just raised $11 million to meet the growing demand of customers.
Helping enterprises easily adopt innovative technologies without making drastic, painful changes to their existing software portfolio is our goal.”
“Helping enterprises easily adopt innovative technologies without making drastic, painful changes to their existing software portfolio is our goal at Solo.io,” said Idit Levine, founder and CEO of Solo.io, in a statement. “It helps enterprises focus on the value software brings to their business. Business leaders want to focus on business. They don’t want technology dictating business outcomes.”
Redpoint Ventures led the Series A round, with participation from seed investor True Ventures. The funding will be used to scale Solo.io’s sales and marketing efforts, while aggressively investing in its open source.
Launched in 2017, Solo.io was created by Levine with the purpose of unifying application development while allowing enterprises to leverage their existing software, even if it was aging.
With Solo.io, companies don’t have to rip the Band-Aid off all at once. Instead, they’re given a “transition path” that allows them to gradually move from the old to the new.
“Solo.io makes migrating to cloud native architectures seamless and easy,” said Satish Dharmaraj, partner, Redpoint Ventures, in a statement. “...Levine and her team have created something that helps enterprises realize the business benefits of distributed architectures and open source software without having to rewrite or fork lift the entire existing code base. The scale of that achievement is hard to overstate.”
