logo
logo

Cloud Company Lumigo Raises $29M To Expand Serverless Observability To Kubernetes, Hybrid Apps

Nov 02, 2021•over 3 years ago

Amount Raised

$29 Million

Tel Aviv

Description

Lumigo, the leading cloud-native application monitoring and debugging platform, today announced $29M in new funding, the largest ever investment in the world of serverless. The Series A round brings Lumigo's total funding to $37M, and was led by RedLine Capital, with the participation of Wing Venture Capital, Vertex Ventures US in addition to existing investors Pitango First, Grove Ventures and Meron Capital. Lumigo, which began by focusing on automated distributed tracing for serverless cloud services like API Gateway, DynamoDB, Kinesys, S3 and Lambda, also announced the expansion of its SaaS observability product to containers, Kubernetes and Virtual Machines.

Company Information

Company

Lumigo

Location

Tel Aviv, Tel Aviv District, Israel

About

Lumigo is an observability platform for serverless and cloud-native applications that allows developers to find and fix issues using automated distributed tracing. Implemented for an entire application with a single click, Lumigo reduces the time developers and DevOps spend on maintenance. The platform allows developers to quickly find the root cause of issues with visual debugging, resolve performance bottlenecks with a clear breakdown of each component's execution duration, and receive notifications on issues before they impact performance with smart alerts. SOURCE Lumigo

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech