Lumigo

History

2021: Raising $29 million

On November 2, 2021, the Lumigo platform for monitoring and debugging cloud applications (TMS - Test Management System) announced the attraction of $29 million. The funding round was headed by the Redline Capital fund, owned by the main beneficiary of AFK Sistema, Vladimir Yevtushenkov. Wing Venture Capital and Vertex Ventures US, as well as existing investors Meron Capital, Pitango First and Grove Ventures also took part in this deal.

Lumigo began with a focus on distributed tracing for server-free platforms such as AWS API Gateway, DynamoDB, S3 and Lambda, but as the team announced in November 2021, the company is now expanding its SaaS service to cover containers and virtual machines. Using the company platform, companies can easily visualize each transaction on their network to understand how data is transferred between services, and then quickly diagnose problems when they are not transmitted. Lumigo offers both a paid SaaS service, software ON a subscription license () model that includes a free level, as well as a free command-line tool for analyzing and configuring AWS Lambda and Kinesis-based services. Among the customers of Lumigo for November 2021 can be found, and. Medtronic Vimeo Sonos

The foundation associated with AFK Sistema has invested in a platform for troubleshooting Lumigo applications

Most other Observability platforms simply attached the features of server-free services to those products that were essentially outdated. Lumigo was designed from scratch for cloud native environments, allowing us to offer deep monitoring. Distributed tracing and debugging functions adapted to modern cloud technologies, expand them into containers, as well as Kubernetes in such a way that they really correspond to the way cloud native applications are developed and run, "said Erez Berkner, CEO of Lumigo.

Berkner noted that since companies are implementing an increasing number of cloud services, Lumigo should meet this speed if it wants to become a standard surveillance tool for cloud native applications. The company will use the new funding to double the team from 30 to 60 people, as Lumigo will develop marketing and product groups. This will be done in addition to increasing hiring on the engineering side.

According to Redline Capital partner Benno Jering, the correlation of millions of journals, traces and metrics of distributed services is almost impossible, and with an increase in scale it becomes even more difficult. Lumigo's offering addresses the ever-growing problem of cloud applications.^[1]

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