Lightrun Secures $23 Million in Series A Funding to Shift Observability "Left"
TEL AVIV, Israel--(BUSINESS WIRE)--Lightrun, the continuous debugging and observability company and 2021 Gartner Cool Vendor, today announced it has closed a $23 million Series A round led by Insight Partners with participation from existing investor Glilot Capital Partners, bringing its total funding to $27 million. Lightrun will use the funding to expand its engineering team and accelerate its roadmap of enterprise-level features for developer teams embracing the new shift-left paradigm for production code observability.
“We’ve seen a number of observability solutions joining the market, but found Lightrun’s shift-left approach to be truly unique,” said Teddie Wardi, Managing Director at Insight Partners, who will join the board of directors. “The main point of shifting observability to the left in the software development lifecycle is incorporating observability into the day-to-day developer workflow. Lightrun makes observability ops-free, real-time and ergonomic to the development process, and we believe they are in a position to capture a large international market of development teams at enterprises that prioritize rapid feature development and frequent shipping.”
In April, Lightrun launched a free community edition of its popular platform for developer-native observability. Earlier this month, Lightrun was named a Gartner Cool Vendor for Monitoring, Observability and Cloud Operations. The company has doubled its number of employees in the last year and it recently announced numerous new integrations supported by the APM product ecosystem, including Datadog, IntelliJ IDEA, Logz.io, Prometheus, Slack and StatsD.
How Shift Left Observability Works
Lightrun gives developers “shift left” observability from within the tooling they already use (IDEs, CLIs, code repositories), and the ability to add logs, metrics and traces to running applications. Developers use Lightrun’s capabilities to verify new features as part of their CI/CD pipeline. Lightrun streamlines this process of defining and consuming observability, making it real-time and ops-free while still being controlled, defined and consumed by developers. Limiting developers’ need to involve operations managers creates more agile organizations, shorter MTTRs and better developer experiences while optimizing observability costs.
"For too long, developers have been forced to use traditional APM and observability tools that were designed for operators and IT, and correlating data on the 'right,'" said Ilan Peleg, Co-founder and CEO of Lightrun. "We're already seeing operations and security shifting left as startups like Snyk and Hashicorp disrupt those spaces. Now, Lightrun is flipping the paradigm of observability, putting the tooling in the hands of developers, and giving developers new observability into live applications' state, rather than the 'static,' log-everything legacy approach to software debugging."
Supporting Resources
About Lightrun
Lightrun is a Tel Aviv-based startup that is transforming the developer experience, bringing a developer-native observability platform. The company is the first to bring "shift left" observability, giving developers deeper insights into running applications by allowing them to insert logs, metrics and traces and more during runtime. Boasting the richest set of observability pillar tools for observing applications directly from within the IDE, Lightrun simplifies every aspect of incident resolution. Lightrun is ISO-27001 certified and is proud to have some of the most innovative technology companies in the world as customers, including Taboola, Sisense, Tufin and more. For more information, visit lightrun.com or follow @Lightruntech on Twitter.
About Insight Partners
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.
Contacts
Holly Halenbeck
Mindshare PR
650.919.4204
lightrun@mindsharepr.com