Altimeter Capital led a $135m Series C funding round in Solo.io.

Altimeter Capital, an American investment firm, led a $135m Series C funding round in Solo.io, an application networking company, valuing the company at $1bn. The round was joined by Redpoint Ventures and True Ventures. “In today’s digital world, connectivity is the lifeblood of an organization’s ability to deliver value. We believe Solo.io’s innovative application networking products are disrupting the existing API management landscape and tapping a broader market for service connectivity. Solo.io brings together amazing execution, customer focus, and a highly differentiated technology platform. We have been watching them for a while and are excited to partner with Idit and the team,” Ram Woo, Altimeter Capital Partner.