Israel startup Lumigo raises $8 million seed funding to troubleshoot and provide real-time monitoring and visibility across serverless applications
In the age of cloud, serverless computing is revolutionizing how IT applications are deployed. Serverless computing is a cloud-computing execution model in which the cloud provider runs the server, and dynamically manages the allocation of machine resources. Serverless computing has become the preferred way of deploying cloud applications, allowing organizations to deliver innovation at an unprecedented speed. Serverless adoption is skyrocketing, with growth estimated at 300% per quarter. Development speed, minimal maintenance, and cost reduction are driving serverless exploding popularity as new startups build pure serverless applications, and large companies start migrating existing applications to serverless.
With many organizations moving towards serverless applications, there is a great need for users and developers alike to make sense of what is going on with their serverless applications. One company leading this space is Lumigo, a Tel Aviv, Israel-based serverless intelligence platform that lets developers monitor, troubleshoot, and optimize serverless applications. Lumigo helps organizations adopt serverless operations with an AI engine natively architected for the serverless world. Lumigo provides full visibility and traceability of serverless applications, including third-party services. The platform also helps prevent service disruptions before they occur by providing actionable alerts based on user and entity behavioral analytics.
Today, Lumigo announced it has raised $8 million seed funding to expand its core R&D team in Tel Aviv with top-notch developers. Backers include Pitango Venture Capital, Grove Ventures and Meron Capital. Lumigo was founded in March 2018 by Erez Berkner and Aviad Mor, former Check Point executives. Erez, who graduated from university at the age of 18, headed the cyber-security giant’s cloud products division, while Aviad founded the Next Generation R&D group within the company.
Its platform analyzes huge amounts of data, learns the normal behavior of the serverless application and produces live visual maps and insights that let developers identify and fix issues in their serverless applications even before they happen. Lumigo’s platform provides real-time monitoring and analysis to helps its users understand complex system behaviors and resolve issues faster. Lumigo’s serverless intelligence platform gives an organization eyes and ears inside their serverless applications.
The company’s innovative platform creates a live visual map that gives developers the visibility they need to monitor and troubleshoot requests inside serverless applications. It follows a request from the entry point through the various serverless functions and services, connecting disjointed log events into a full picture of what happened, how long each step took and where the problems are. Lumigo is an AWS Advanced Technology Partner, the highest partnership level for AWS technology partners, and is already deployed in several serverless production systems worldwide. It now offers a free sign-up for its serverless intelligence platform.
“We’re witnessing a radical transformation in the way developers build cloud applications,” said Erez Berkner CEO and co-founder of Lumigo. “The Lumigo platform accelerates this transformation by allowing developers to operate their serverless applications smoothly and with confidence, overcoming the serverless-specific runtime challenges.”
“Serverless is cutting-edge technology, and we believe it will become a leading development paradigm very soon,” said Eyal Niv, managing general partner at Pitango. “There is a unique window of opportunity to play a significant role in the creation of the ecosystem of the future.”
“The combination of disruptive technology, seasoned founders, remarkable vision, and a strong value proposition are the main reasons we decided to co-invest in this unusual $8M seed round,” Niv added.
“Serverless is the next innovation frontier for computation,” says Lotan Levkowitz, partner at Grove Ventures. “It’s transforming the way developers think, design and execute. Lumigo allows its clients to easily and seamlessly adopt a serverless architecture. The market’s demand to move forward and adopt a new cloud-computing execution model creates a unique opportunity for Lumigo and its extraordinary team to dominate the space.”