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29m Series Capitallardinoistechcrunch ,$29M Raised by Lumigo in Series A round led by Redline Capital

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In a series A funding round led by Redline Capital, cloud-native debugging platform Lumigo has raised $29M, as reported by Frederic Lardinois on TechCrunch (29m Series Capitallardinoistechcrunch)

Key Takes:

  • Lumigo raised $29 million in a Series A funding round led by Redline Capital
  • Total funding raised to date is $37 million from several investors
  • Lumigo provides cloud monitoring and debugging services for serverless cloud applications such as AWS DynamoDB, S3, etc.
  • Offers a paid SaaS package and a free version with a command line tool 
  • Plans to expand coverage to SaaS services for virtual machines and containers
  • Have official collaborations with Sonos, Medtronic, and Vimeo
  • Will use the funding to expand its team of 30 people for marketing, product development, and research

In a series A round led by Redline Capital along with Vertex Ventures US and Wing Venture Capital, Lumigo successfully bagged a $29 million funding from existing inventors including Grove Ventures, Meron Capital, and Pitango First. With this latest $29 million in their bag, Lumigo has raised a total of $37 million to date. (the company was founded in 2019) [29M Series CapitalLardinoisTechCrunch]

About Lumigo

Lumigo is a cloud-native monitoring and cloud debugging platform that provides services to serverless cloud applications such as AWS applications DynamoDB, S3, etc.

The main point of Lumigo was to make transactions transparent so that businesses can visualize how the money as well as their confidential data flow between pipelines. To do so, if there’s a problem, the companies can easily diagnose the issue without involving the whole system.

Lumigo is what comes in handy when solving such problems involving serverless applications. Lumigo’s services come in two forms: 

A paid SaaS package which also includes a free tier so you can try before switching to the paid version.

A free version that features a command line tool that helps you track all the Lambda and Kinesis-based services for free.

At first, Lumigo focused on covering cloud-native services such as DynamoDB, S3, Lambda, and API Gateway, but now, the company has bagged some money and is focusing on expanding its horizon. According to Lumigo, the cloud-native application monitoring platform has plans to expand and cover SaaS services that cover virtual machines and containers. [29M Series CapitalLardinoisTechCrunch]

Lumigo is now more successful than ever. With its official collaboration with tier 1 companies including but not limited to Sonos, Medtronic, and Vimeo, the company is looking forward to providing its debugging and cloud monitoring services to more angel tech companies.

With their latest investment, the company is looking forward to expanding its team of 30 people, more specifically, doubling the team to focus on marketing and product development, and research. [29M Series CapitalLardinoisTechCrunch]

Lumigo and Investors

Since the company was founded in 2019, the cloud-native platform has received over $37 million in funding. The funding was received in two rounds: 

Seed round led by Grove Ventures and Pitango Venture Capitals, Lumigo secured $8 million – the total number of investors in this round was three.

Grove Ventures (Lead)Seed Round
Pitango VCSeed Round
Meron CapitalSeed Round

Series A round led by Redline Capital, Lumigo secures $29M – the total number of investors in this round was six.

Redline CapitalSeries A
Grove VenturesSeries A
Pitango VCSeries A
Meron CapitalSeries A
Vertex USSeries A
Wing Venture CapitalSeries A

Lumigo CEO Erez Berkner x Redline Capital on Lumigo and Its Future

Lumigo CEO Erez Berkner x Redline Capital on Lumigo and Its Future
Image Source: Erez Berkner YouTube

“Most other Observability platforms have just tacked serverless features onto what were essentially legacy products… Lumigo was designed from the ground up for cloud-native environments, allowing us to offer deep monitoring, distributed tracing, and debugging features tailored to the modern cloud technologies and expand outwards to containers and Kubernetes in a way that actually fits how cloud-native apps are designed and operated,” said Erez Berkner, CEO Lumigo.

Most other Observability platforms have just tacked serverless features onto what were essentially legacy products
Image: Benno Jering (YouTube)

“Correlating millions of log lines, traces, and metrics across distributed services is pretty close to impossible and just gets harder with scale… Lumigo’s offering solves an ever-growing problem for cloud-native applications; understanding applications as more than just the sum of their parts,” stated Benno Jering, Redline Capital partner. [29M Series CapitalLardinoisTechCrunch]

Read more:

French 25m Long Arc Capitaltuckereustartups, French app TagPay (Skaleet) raises €25m, round led by Long Arc Capital [Tucker/EU-Startups]


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