Lumigo, a Tel Aviv, Israel-based that developed a cloud-native application monitoring and debugging platform, raised $29 million in Series A funding bringing Lumigo’s total funding to $37 million.
The round 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.
The company will use the new investment to double its 30-person core team, in particular building the marketing and product groups.
Company: Lumigo Ltd.
Raised: $29.0M
Round: Series A
Funding Month: November 2021
Lead Investors: RedLine Capital
Additional Investors: Wing Venture Capital, Vertex Ventures US, Pitango First, Grove Ventures, and Meron Capital
Company Website: https://www.lumigo.io/
Software Category: cloud-native application monitoring and debugging platform
About the Company: Founded in 2018 by CEO Erez Berkner and CTO Aviad Mor, both former executives at Israeli cybersecurity company Check Point. Lumigo is a monitoring and debugging platform for cloud & serverless applications. Quickly identify and resolve critical issues in your distributed environments using smart monitoring, alerting, and end-to-end automated tracing. Lumigo visualizes your entire serverless stack, including all your favorite services.
Source: https://www.calcalistech.com/ctech/articles/0,7340,L-3921508,00.html