Solo.io Grows Valuation Tenfold To $1B In One Year

By McCord Pagan (October 7, 2021, 1:19 PM EDT) -- Application networking business Solo.io said Thursday it increased its valuation tenfold in a year to $1 billion for its Series C funding round that included Altimeter Capital, Redpoint Ventures and True Ventures.

Cambridge, Massachusetts-based Solo.io said in a statement that proceeds from the $135 million funding round would be used for matters including investing in product development and expanding its services. The company said it's now raised $171.5 million in total financing.

"Solo has the concentration of deep expertise, customer commitment and ability to execute that is unmatched by any other company in this area," Solo.io founder and CEO Idit Levine...

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