Lumigo raises $ 29 million for its cloud native application monitoring platform – TechCrunch
Lumigo, a cloud-native application monitoring and debugging platform, today announced that it has raised a $ 29 million Series A funding round led by Red line capital. Wing Venture Capital and Vertex Ventures United States, with existing investors Capital Méron, Pitango first and Grove Ventures, also participated in this roundtable, which brings the company’s total funding to $ 38 million since its launch in 2019.
The company began by focusing on distributed tracing for serverless platforms such as the AWS API Gateway, DynamoDB, S3, and Lambda. But as the team announced today, it is now also expanding its SaaS service to cover containers and virtual machines.
Using the enterprise platform, businesses can easily visualize every transaction on their network to understand how data flows between departments, then quickly diagnose issues when it doesn’t. It offers both a paid SaaS service (which includes a free level), as well as a free command line tool to analyze and tune services based on AWS Lambda and Kinesis.
Some of Lumigo’s current customers include Medtronic, Vimeo, and Sonos.
“Most of the other observability platforms have just added serverless functionality to primarily legacy products,” said Erez Berkner, CEO of Lumigo. “Lumigo was designed from the ground up for cloud native environments, which allows us to offer deep monitoring, distributed tracing and debugging capabilities suitable for modern cloud technologies and to expand into containers and Kubernetes from a way that actually matches the way cloud native applications are designed and operated.
Berkner noted that as businesses adopt an ever-increasing number of cloud services, Lumigo must adapt to this speed if it is to become the standard observability tool for cloud native applications.
“Correlating millions of log lines, traces, and metrics across distributed services is nearly impossible, and gets harder and harder with scale,” said Benno Jering, partner of Redline Capital. “LumigoThe offering solves an ever-growing problem for cloud native applications; understand applications as more than the sum of their parts.
The company will use the new funding to double its team of 30 as it grows its marketing and product groups (in addition to hiring more on the engineering side).