Valuation · 2021
$1B
2024 Revenue
$15M(Est.)
Customers
4K
Funding
$171.5M
Avg ACV
$3.8K
Team · 2025
272
Founded
2017
Solo.io Revenue, Valuation & Funding (2024)
Solo.io generated an estimated $15M in annual revenue in 2024. Source: GetLatka estimate
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 | Source |
|---|---|---|
| 2024 | Solo.io Hit $15m revenue in November 2024 | Estimated |
| 2024 | Solo.io Hit $13.1m revenue in October 2024 | Estimated |
| 2023 | Solo.io Hit $9.1m revenue in December 2023 | Estimated |
| 2021 | Solo.io Hit $2.7m revenue in April 2021 | Not recorded |
| 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 | Source |
|---|---|---|---|---|---|
| 2021 | Series C | $135M | $1B | 14% | Not recorded |
| 2020 | Series B | $23M | - | - | Not recorded |
| 2018 | Series A | $11M | - | - | Not recorded |
| 2017 | Seed | $2.5M | - | - | Not recorded |
Founder / CEO
Idit Levine
CEO
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.
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 | Source |
|---|---|---|
| 2025 | Reached 272 employees (November 2025) | Not recorded |
| 2024 | Reached 248 employees (December 2024) | Not recorded |
| 2024 | Reached 229 employees (October 2024) | Not recorded |
| 2023 | Reached 229 employees (December 2023) | Not recorded |
| 2022 | Reached 186 employees (December 2022) | Not recorded |
| 2021 | Reached 81 employees (December 2021) | Not recorded |
| 2021 | Reached 70 employees (October 2021) | Not recorded |
| 2021 | Reached 44 employees (April 2021) | Not recorded |
Frequently Asked Questions about Solo.io
What is Solo.io's revenue?
As of 2024, Solo.io generated an estimated $15M in annual revenue.
What is Solo.io's valuation?
As of 2021, Solo.io was valued at $1B.
Who founded Solo.io?
Solo.io was founded by Idit Levine.
When was Solo.io founded?
Solo.io was founded in 2017.
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 across 4 rounds.
How many employees does Solo.io have?
As of 2025, Solo.io had 272 employees.
Where is Solo.io headquartered?
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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