Cody YounkinSenior Associate
greymatter.io Raises $7 Million Growth Investment from Elsewhere Partners
Elsewhere Partners is excited to announce its $7.1 million Series A investment in greymatter.io, a microservices platform provider for enterprise-scale IT environments based in Alexandria, VA. As part of the financing, Elsewhere Partners Operating Advisor and seasoned software veteran Michele Perry has joined greymatter.io’s board of directors.
greymatter.io provides intelligent service mesh and API management solutions that enterprise IT teams can use to build application and API networks. Recognized as an industry outperformer by GigaOm, greymatter.io’s microservices-friendly platform enables DevSecOps and NetSecOps teams to easily manage increasing complexity, secure application networking with zero-trust and see everything happening across their IT environment.
“greymatter.io has become a proven industry force thanks to our talented team and steadfast commitment to ease our customers’ top infrastructure burdens,” said greymatter.io CEO Chris Holmes. “Working with an investment partner as dedicated as we are to customer-driven, product-led company growth, there are no limits to what the coming months/years hold. We will continue to provide the most comprehensive modern microservices platform based on a service mesh purpose built to help large public organizations and private enterprises overcome complexity sprawl and tackle all governance, analytic and zero-trust security needs regardless of the number of clouds, on-premise systems, applications or endpoints involved.”
After years successfully serving the complex needs of massive, globally distributed government and defense organizations, greymatter.io will use the funding to expand the reach of its proven microservices platform in both the public and private sector by rapidly building out its team. Prior to Elsewhere’s investment, greymetter.io grew organically as a bootstrapped start up.
To support its continued market leadership, greymatter.io will focus on accelerating 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.
For more information about the investment, read the full press release.
About the Author
Cody Younkin
Cody is a Senior Associate at Elsewhere Partners where his responsibilities include evaluation of potential investments, deal execution, and supporting portfolio companies. Previously, Cody spent four years in investment banking at D.A. Davidson where he executed M&A and growth equity transactions for founder-owned software companies.