Valuation
$1B
2024 Revenue
$15M
Customers
4K
Funding
$171.5M
YOY
64.2%
Avg ACV
$3.8K
Team
272
Founded
2017
How Solo.io CEO Idit Levine grew to $15M revenue and 4K customers in 2024.
Provider of open source interface projects intended to bring innovative cloud technologies to the enterprises. The company provides all the tools needed to glue together traditional and cloud-native apps, from monoliths to microservices and Serverless, enabling enterprise to migrate and gradually transform legacy applications to new architectures.
Last updated
Solo.io Revenue
In 2024, Solo.io's revenue reached $15M. The company previously reported $13.1M in 2024. Since its launch in 2017, Solo.io has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Solo.io Hit $15m revenue in November 2024 | |
| 2024 | Solo.io Hit $13.1m revenue in October 2024 | |
| 2023 | Solo.io Hit $9.1m revenue in December 2023 | |
| 2021 | Solo.io Hit $2.7m revenue in April 2021 | |
| 2017 | Launched with $0 revenue |
Solo.io Valuation, Funding Rounds
Solo.io reached a $1B valuation in 2021, set during its Series C round.
Solo.io has raised $171.5M in total funding across 4 rounds, most recently a $135M Series C round in 2021.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2021 | Series C | $135M | $1B | 14% | |
| 2020 | Series B | $23M | - | - | |
| 2018 | Series A | $11M | - | - | |
| 2017 | Seed Round | $2.5M | - | - |
Founder / CEO
Idit Levine
Solo.io develops open source and enterprise software that helps enterprises adopt and operate innovative cloud native technologies like microservices, serverless and service mesh. Founded in 2017 in Cambridge, MA, Solo.io is backed by Redpoint Ventures and True Ventures.
Q&A
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|---|---|
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Customers
Solo.io serves 4K customers.
Solo.io Employees & Team Size
Solo.io employs approximately 272 people as of 2026, up from 248 in 2024, including 7 sales reps that carry a quota. It serves 4K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2025 | Reached 272 employees (November 2025) |
| 2024 | Reached 248 employees (December 2024) |
| 2024 | Reached 229 employees (October 2024) |
| 2023 | Reached 229 employees (December 2023) |
| 2022 | Reached 186 employees (December 2022) |
| 2021 | Reached 81 employees (December 2021) |
| 2021 | Reached 70 employees (October 2021) |
| 2021 | Reached 44 employees (April 2021) |
Frequently Asked Questions about Solo.io
What is Solo.io's revenue?
Solo.io generates $15M in revenue.
Who founded Solo.io?
Solo.io was founded by Idit Levine.
Who is the CEO of Solo.io?
The CEO of Solo.io is Idit Levine.
How much funding does Solo.io have?
Solo.io raised $171.5M.
How many employees does Solo.io have?
Solo.io has 272 employees.
Where is Solo.io headquarters?
Solo.io is headquartered in Cambridge, Massachusetts, United States.
Compare Solo.io to the industry
Solo.io operates across multiple industries. Browse revenue, funding, and growth data for Solo.io in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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