Lumigo raises $29M for its cloud-native application monitoring platform
Lumigo, an Israeli cloud-native application monitoring and debugging startup, has raised $29 million in Series A funding led by Redline Capital and featuring existing investors, such as top Israeli venture capital firm Grove Ventures. The company’s platform allows businesses to visualize every transaction in their network to understand how data flows between services. The company’s CEO, Erez Berkner, designed the platform from the ground up for cloud-native environments to match this velocity of cloud services enterprises use. The company’s new funding will allow it to expand its product offerings to cover containers and virtual machines. The funding will be used to double the company’s 30-person team and expand its marketing and sales efforts, and product groups.
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