Total amount raised
$69 Millions
Latest funding date
09/01/2022
Location
Isovalent has successfully raised significant funding through multiple rounds, with the latest being a Series B round. The company specializes in eBPF-based networking, security, and observability solutions for cloud-native environments.
Isovalent's innovative platform, Isovalent Enterprise for Cilium, is trusted by major enterprises and has recently been acquired by Cisco Systems. Keep reading to explore the intricacies of Isovalent's fundraising journey and the investors backing this cutting-edge platform.
What Is Isovalent?
Isovalent, founded in 2017, is a leading company in cloud-native networking, security, and observability. Headquartered in Cupertino, California, and Zurich, Switzerland, the company was established by Dan Wendlandt and Thomas Graf.
Specializing in eBPF-based solutions, Isovalent has grown to employ between 101 and 250 people. Their flagship product, Isovalent Enterprise for Cilium, is trusted by major enterprises for its advanced networking and security features.
How Much Funding Has Isovalent Raised?
- Series A
- Amount Raised: $29M
- Date: November 2020
- Lead Investors: Andreessen Horowitz, Google
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of their eBPF-based networking and security solutions.
- Series B
- Amount Raised: $40M
- Date: September 2022
- Lead Investors: Thomvest Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address the critical gap in Kubernetes networking layers and expand the team to support growing customer demand.
Total Amount Raised: $69M. Current Valuation: Not publicly disclosed.
Key Investors
- Thomvest Ventures
- Details: Thomvest Ventures is a venture capital firm that focuses on transformative technologies. They led the Series B funding round for Isovalent.
- Investment Focus Areas: Technology, transformative technologies, strategic investments
- Notable Investments: Not publicly disclosed
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm known for investing in innovative technology companies. They participated in both Series A and Series B funding rounds for Isovalent.
- Investment Focus Areas: Technology, innovative companies, high growth potential
- Notable Investments: Facebook, Airbnb, Slack
- Google
- Details: Google, through its investment arm, has been a strategic investor in Isovalent. They focus on technologies that enhance their cloud offerings.
- Investment Focus Areas: Cloud infrastructure, AI, technology
- Notable Investments: SpaceX, Stripe, UiPath
- M12 (Microsoft's Venture Fund)
- Details: M12 is Microsoft's venture fund that invests in companies aligning with Microsoft's strategic interests. They participated in the Series B funding round for Isovalent.
- Investment Focus Areas: Cloud computing, AI, advanced networking
- Notable Investments: OpenAI, Rubrik, Innovaccer
- Cisco
- Details: Cisco is a global leader in networking and cybersecurity. They are an existing strategic investor in Isovalent.
- Investment Focus Areas: Networking, security, cloud technologies
- Notable Investments: AppDynamics, ThousandEyes, Duo Security
What's Next for Isovalent?
Isovalent stands at the cusp of significant growth, driven by the increasing adoption of Kubernetes and cloud-native technologies. The company’s flagship product, Isovalent Cilium Enterprise, is poised to become the default choice for secure and scalable Kubernetes connectivity. This opportunity is vast, with major enterprises and cloud providers already on board, indicating a substantial market potential.
Future fundraising opportunities appear promising, given the strong backing from high-profile investors like Thomvest Ventures, M12, and Google. As Isovalent continues to lead the eBPF community and expand its customer base, additional funding rounds are likely to support further innovation and growth. However, the company will need to navigate challenges such as competition from other cloud-native solutions and the rapid pace of technological advancements.
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