Fundraising Fox

Solo

Unicorn Β· $1B

3 known investors

solo.io β†—

Solo.io provides cloud connectivity solutions that help organizations secure, observe, and control their cloud environments. The company builds enterprise products for cloud-native application networking and service mesh management, serving Fortune 2000 companies and cloud-native organizations globally.

Also known as Solo.io Β· Solo.io, Inc.

AI & Machine LearningCloud ComputingDeveloper ToolsEnterprise Software

Founders & leadership

ILIdit Levine
Idit LevineinFounder & CEO

Investors Β· 3

Valuation Β· disclosed

Disclosed events
$1Bvaluation at Series CJan 2021
filing β†—

Source: SEC prospectus filings, and round valuations the company or its investors disclosed β€” follow each entry's link for the claim.

Company profile

researched Aug 2026

Solo.io, Inc. develops cloud connectivity and application networking software for Kubernetes and cloud environments, and more recently for AI and agentic workloads. Its stated mission is to help customers secure, observe and control everything in their cloud environment. The company's products are commercial enterprise distributions built on open source projects: Solo Enterprise for kgateway (a cloud-native API and AI gateway), Solo Enterprise for Istio (service mesh), Solo Enterprise for agentgateway (a gateway for AI applications) and Solo Enterprise for kagent.

All Solo.io products are built on open source technologies including Istio, Envoy, Kubernetes, Backstage, SPIFFE, SPIRE, OpenTelemetry, OpenAPI, WebAssembly and Linux. The company positions itself as a co-creator of Istio and Ambient Mesh, holds seats on the Istio Steering and Technical Oversight Committees, and maintains or sponsors projects including kgateway, kagent, agentgateway and agentregistry. Its GitHub organization hosts 236 public repositories, including earlier projects such as unik (unikernel and MicroVM compilation and deployment), squash (microservices debugger), bumblebee (eBPF tooling), sqoop (a GraphQL engine powered by Gloo) and wasm tooling.

More recent engineering work centers on agentic AI infrastructure: routing to multiple LLM providers, Model Context Protocol (MCP) server security and management, virtual MCP for reducing token consumption, agent identity, and integrating agentgateway into the Istio ambient mesh as waypoint, ingress and egress proxy. Recent Solo Enterprise for Istio releases (1.29 and 1.30) added AWS ECS integration GA, global service aliasing, ztunnel-native egress controls, a revamped UI with a service graph, and fine-grained workload identity.

Founding story

Solo was founded by Idit Levine, who had worked on cloud technologies for more than ten years and previously served as CTO for the cloud management division of Dell EMC, where she developed UniK, an open source unikernel compilation and deployment platform, and project layer-x, an open source cross-cluster scheduling framework. The founding team included engineers who had previously worked at DynamicOps, VMware and Dell EMC. The company operated in stealth mode at the time of its seed announcement, having already released Squash, an open source microservices debugging platform.

Business model

Solo.io builds open source cloud-native networking projects and sells commercially supported enterprise editions of them. Its commercial line is branded Solo Enterprise, with editions for kgateway, agentgateway, Istio and kagent, sold to Fortune 2000 enterprises and cloud-native organizations. The open source projects act as the adoption channel and technical foundation for the enterprise products.

Revenue comes from commercial enterprise editions and support for its open source projects (Solo Enterprise for kgateway, agentgateway, Istio and kagent) sold to enterprise customers; the sources do not disclose pricing or revenue figures.

Traction

Reported open source traction includes 65K+ GitHub stars, 28K+ community members and 3B+ downloads, plus top 10 CNCF contributor status and 236 public repositories in the solo-io GitHub organization. The company states its enterprise products are used by Fortune 2000 industry leaders and cloud-native innovators, and that it has raised $175 million in total venture funding, including a 2021 Series C at a $1 billion valuation.

Latest developments

Recent activity centers on agentic AI infrastructure. The company announced kagent, described as the industry's first open source agentic AI framework for Kubernetes and built on Microsoft AutoGen, and launched agentregistry, a centralized registry for curating, discovering, deploying and managing MCP servers, agents and skills on Kubernetes. At KubeCon + CloudNativeCon North America 2025 in Atlanta it delivered sessions and community announcements. Product releases include Solo Enterprise for Istio 1.29 (AWS ECS integration GA, global service aliasing) and 1.30 (agentgateway as waypoint/ingress/egress proxy in ambient mesh, ztunnel-native egress, new UI with advanced service graph, fine-grained workload identity). Technical publications cover MCP progressive disclosure and token reduction, multi-LLM provider routing, agent identity, agentic quality benchmarking, and the Linux Foundation's Agentic AI Foundation.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

Solo.io positions itself as a leader in cloud-native application networking, stating that its Solo Enterprise products are chosen by Fortune 2000 industry leaders and cloud-native innovators across industries and geographies. Its open source footprint is reported as 65K+ GitHub stars, 28K+ community members and 3B+ downloads, with top 10 CNCF contributor status.

Solo.io's stated differentiators are its depth of upstream open source involvement and the resulting product foundations: it describes itself as a top 10 CNCF contributor, the #1 corporate and #1 individual contributor to Istio, holder of five Istio Steering Committee and three Technical Oversight Committee seats, and a co-creator of Istio and Ambient Mesh. It presents kgateway as the most trusted and most feature-rich API gateway for Kubernetes, built on Envoy and the Kubernetes Gateway API, and argues that its Rust-based agentgateway data plane is purpose-built for AI traffic rather than retrofitted onto legacy proxies.

Technology

The technology stack is built on open source cloud-native infrastructure: Istio and Ambient Mesh (sidecarless service mesh with ztunnel and waypoint proxies), Envoy proxy, the Kubernetes Gateway API, Kubernetes, Backstage, SPIFFE/SPIRE for identity, OpenTelemetry, OpenAPI, WebAssembly and Linux. kgateway is an Envoy-based cloud-native API and AI gateway; agentgateway is a Rust-powered data plane designed for AI and agentic traffic with MCP support, progressive disclosure, rate limiting, observability and OpenAPI-to-MCP exposure modes; kagent is an agentic AI framework for Kubernetes built on Microsoft AutoGen; agentregistry provides MCP server, agent and skill registries for Kubernetes.

Go-to-market

Go-to-market is led by open source adoption and community presence: the company maintains widely used projects (Istio, Ambient Mesh, kgateway, kagent, agentgateway, agentregistry) with associated Slack and Discord communities, publishes extensive technical blog content and migration guides (for example from Ingress NGINX to Kubernetes Gateway API), runs free hands-on technical labs on agentic AI, and participates heavily in CNCF events such as KubeCon + CloudNativeCon. Enterprise editions are then sold to platform engineering teams within large organizations, supported by a sales organization led by a VP of Sales.

Fortune 2000 enterprises and cloud-native organizations, specifically Kubernetes platform teams, platform engineers, DevOps teams and API teams building and operating microservices and AI/agentic applications.

Geography

Solo.io is a remote-first company with a registered address at 68 Harrison Avenue Ste 605 PMB 581361, Boston, MA 02111, United States, and states a regional presence across North America, Europe and APAC.

History

The company was founded by Idit Levine and announced a $3.25 million seed round while still in stealth, at which point it had already released Squash, an open source microservices debugger. Its gateway lineage began in 2018 with the creation of Gloo, the Envoy-based API gateway later renamed kgateway. In 2021 the company reported raising $135 million in Series C funding at a $1 billion valuation, bringing total venture funding to $175 million from investors including Altimeter Capital, Redpoint Ventures and True Ventures. In November 2024, kgateway was donated to the CNCF as a sandbox project and Istio's Ambient Mode reached general availability in Istio v1.24. In 2025 the company introduced kagent, an open source agentic AI framework for Kubernetes, and announced agentregistry and other agentic-AI initiatives at KubeCon + CloudNativeCon North America 2025.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
CNCF contributor rankingJan 2026Top 10 CNCF contributor
Community membersJan 202628,000 people
DownloadsJan 20263,000,000,000 downloads
GitHub stars across open source projectsJan 202665,000 stars
Istio Steering Committee membersJan 20265 people
Istio Technical Oversight Committee membersJan 20263 people
Public GitHub repositories in solo-io organizationJan 2026236 repositories
Total venture funding raisedJan 2026$175M
ValuationJan 2021$1B

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 7

by search overlap
Netezza609 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Kong387 shared keywordsKong builds an API and AI connectivity platform that manages the complete lifecycle of APIs across any cloud environment. The platform serves developers and enterprises building and connecting applications, microservices, and AI workloads.
Nginx364 shared keywordsF5 NGINX provides a lightweight, high-performance solution for delivering, securing, and scaling apps, APIs, Kubernetes services, and AI workloads across distributed, hybrid multi-cloud environments. It targets platform and infrastructure teams operating cloud-native and AI applications.
F5351 shared keywordsF5 develops application delivery and security software and hardware platforms, including BIG-IP load balancers and application firewalls, for enterprise and government networks. The company serves organizations requiring network traffic management, cybersecurity, and application access control.
Tetrate273 shared keywordsTetrate builds AI governance and routing infrastructure for enterprises, including a service that routes queries to models based on cost, performance, and policy, and a director product for centralized governance and visibility across teams and providers. Built on the open-source Envoy and Envoy AI Gateway projects, it targets organizations in finance, government, and global tech adopting AI in production.
Cloudflare Turnstile226 shared keywordsCloudflare provides a global cloud network platform delivering security, performance, and development services through sixty-plus integrated services including SASE, application security, and full-stack development infrastructure.
Gravitee Io198 shared keywordsGravitee provides a platform for managing and governing APIs, event streams, and AI agents, including agent identity and access control, MCP/A2A traffic governance, and LLM cost and risk controls. It serves enterprises seeking centralized security, observability, and governance over their API programs and AI agent deployments.

Companies competing with Solo for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 8

launches, deals, and filings
Jan 2025
Announcements at KubeCon + CloudNativeCon North America 2025

Solo.io presented sessions and keynotes and made community announcements at KubeCon + CloudNativeCon North America 2025 in Atlanta, including agentregistry, a registry for MCP servers, agents and skills.

source β†—

Jan 2025
Solo Enterprise for Istio 1.29 release

Release delivers general availability of AWS ECS integration and global service aliasing capabilities.

source β†—

Jan 2025
Solo Enterprise for Istio 1.30 release

Release brings agentgateway into the ambient mesh as waypoint, ingress and egress proxy, adds egress controls in ztunnel, a revamped UI with a new Service Graph, and workload identity beyond the service account.

source β†—

Jan 2025
kagent agentic AI framework announced

Solo.io announced kagent, described as an open source agentic AI framework for Kubernetes that provides a catalog of agents for running, building and sharing AI-driven cloud native solutions.

source β†—

Nov 2024
Istio Ambient Mode reaches GA in Istio v1.24

Istio's Ambient Mode, which Solo.io co-created, reached general availability in Istio v1.24 in November 2024.

source β†—

Nov 2024
kgateway donated to CNCF as a sandbox project

kgateway, created in 2018 as part of 'Gloo', was donated to the CNCF in November 2024 as a sandbox project.

source β†—

Jan 2021
Series C of $135 million at $1 billion valuation

Solo.io states it secured $135 million in Series C funding at a $1 billion valuation in 2021.

$135M source β†—

Jan 2018
kgateway created as part of Gloo

kgateway, the Envoy-based cloud-native API gateway, was originally created in 2018 as part of the Gloo project.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed
  • Solosolo.io Β· web

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Solo do?
Solo.io builds enterprise cloud-native networking and AI gateway products on open source projects including Istio, Envoy, kgateway and kagent.
Who founded Solo?
Solo was founded by Idit Levine.
Who are Solo's investors?
Solo's investors include True Ventures, Altimeter Capital, Redpoint Ventures.