LightStep Raises $41M in Series C Funding

lightstepLightStep, a San Francisco, CA-based provider of application performance management (APM) for organizations adopting microservices and serverless, raised $41m in Series C funding.

The round, which brought total funding raised to date to $70m, was led by Altimeter Capital with participation from existing investors Redpoint, Sequoia, Cowboy Ventures and Harrison Metal.

The company will use the funds to accelerate product development and expand its business reach.

Led by Ben Sigelman, co-founder and CEO, LightStep provides software application developers with LightStep [x]PM, an application performance management platform that features detailed snapshots of the entire software system at any point in time, to identify bottlenecks and resolve incidents.

LightStep [x]PM delivers precise measurements of performance issues, in real-time, and provides clear explanations that enable engineers to reduce time to resolution (MTTR). Its decentralized architecture continuously analyzes 100% of transactions across all services, at scale, in production. The product offers tracing-based capabilities to power features, including real-time monitoring, alerting, time-series dashboards, and fine-grained multi-dimensional latency analysis.

Customers include Airtable, BigCommerce, Indeed, InVision, Ola, Medium, Segment, Sift Science, SkyScanner, Under Armour, Zalando and many others.



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