Microservices platform provider greymatter.io raises $7.1M to fuel global growth
Microservices platform provider greymatter.io announced today it has raised $7.1 million in new funding to fuel global growth as demand intensifies for its platform.
Elsewhere Partners led the Series A round. Founded in 2015, greymatter.io offers a microservices platform that uses service mesh and application programming interface management to solve challenges flowing through production operations from enterprises’ DevSecOps and NetSecOps pipelines. The platform is designed to assist customers in better managing, securing and operating enterprise software.
The company argues that in enterprise hybrid and multicloud operations, it is more important than ever for information technology leaders to control complexity, trust nothing and see everything. Greymatter.io says its platform supports the complexities introduced by service-based architectures and helps large organizations cut their operational costs by upwards of 30%,
Greymatter.io allows DevSecOps and NetSecOps teams to manage increasing complexity, secure application networking with zero-trust security and see everything happening across their IT environment. The platform offers cloud and platform-agnostic solutions to uncover and relieve top issues plaguing enterprises as their application networking, API security and IT operations evolve. They include protection from misconfigurations, unvetted configurations, unpatched vulnerabilities, data leaks and failed audits.
“Organizations are quickly realizing that they must future-proof their IT infrastructures,” Chris Pacitti, founder and partner of Elsewhere Partners, said in a statement. “The distribution of software, APIs, data and users across hybrid, multicloud and on-premises systems have created dramatically more complex networks that large organizations, both public and private, are struggling to control, secure and monitor.”
Greymatter.io will use the funding to expand the reach of its microservices platform in both the public and private sectors by rapidly building out its team. The company will also accelerate its pipeline of platform enhancements, add support for key open-source community projects and cultivate new partnerships in advanced areas of zero-trust security and data mesh to support its continued growth.
As part of the deal, business-to-business software industry executives Mike Kushin and Michele Perry will join the greymatter.io board to help support the company’s market expansion and recruiting efforts.
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