Lumigo raises $29M for its cloud-native application monitoring platform –
Summary
Lumigo, a cloud-native application monitoring and debugging platform, today announced that it has raised a $29 million Series A funding round led by Redline Capital. Using the company’s platform, businesses can easily visualize every transaction in their network to understand how data flows between services — and then quickly diagnose issues when it doesn’t. “Most other Observability platforms have just tacked serverless features onto what were essentially legacy products,” said Lumigo CEO Erez Berkner. “Lumigo was designed from the ground up for cloud-native environments, allowing us to offer deep monitoring, distributed tracing and debugging features tailored to the modern cloud technologies and expand outwards to containers and Kubernetes in a way that actually fits how cloud-native apps are designed and operated.” Berkner noted that as enterprises adopt an ever-growing number of cloud services, Lumigo has to match this velocity if it wants to become the standard observability tool for cloud-native applications. “Correlating millions of log lines, traces and metrics across distributed services is pretty close to impossible, and just gets harder with scale,” said Redline Capital partner Benno Jering.