# LightStep

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lightstep

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.lightstep.com
- Total disclosed funding: $69M
- Latest round: Series C (Dec 5, 2018)
- Investors on record: 6

## About

LightStep, Inc. is a US-based software company specializing in observability solutions that empower organizations to monitor, troubleshoot, and optimize application performance across complex cloud environments.Founded in 2015 in San Francisco, US, LightStep, Inc. provides observability tools designed to improve application performance monitoring. The company's founders include Ben Sigelman, Benjamin Cronin, and Spoons Spoonhower. In 2021, LightStep was acquired by ServiceNow, further integrating its capabilities into the ServiceNow platform. The company has received funding through multiple rounds, with its most recent funding being a Series C round led by Altimeter Capital Management, totaling USD 41.00 mn raised, contributing to a current company valuation of USD 245.08 mn.LightStep offers a comprehensive suite of observability solutions focused on application performance monitoring. Its flagship product enables organizations to diagnose performance issues and optimize their software systems through advanced data analytics and visualizations. The solutions cater to various industries, providing essential tools that support IT operations, enhance software delivery, and ensure smooth user experiences across applications.LightStep's revenue is primarily generated through software subscriptions, allowing clients to access its observability tools on a recurring basis. The pricing model is typically based on usage and service tiers, enabling customers to customize their subscriptions according to their operational needs. This approach supports a sustainable revenue stream for the company while addressing diverse client requirements.LightStep is poised for growth with plans to expand its product offerings and enhance existing solutions in the observability space. The company aims to tap into new geographic markets, focusing on regions such as Europe and Asia by the end of 2022. The recent acquisition by ServiceNow will leverage additional resources to support these initiatives, including product development and market expansion efforts.

## Funding rounds

- Series C, Dec 5, 2018, $41M — Redpoint Ventures, Hong Shan, Harrison Metal, Cowboy Ventures, Altimeter Capital
- Series B, Nov 14, 2017, $20M — Hong Shan, Harrison Metal, Cowboy Ventures
- Series A, Nov 13, 2017, $7.5M — Redpoint Ventures, Harrison Metal, Cowboy Ventures
- Seed, Sep 24, 2015 — Heavybit

## Investors

- Heavybit (https://capitalatlas.ai/funds/heavybit) — Seed
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series C
- Harrison Metal (https://capitalatlas.ai/funds/harrison-metal) — Series A, Series B, Series C
- Cowboy Ventures (https://capitalatlas.ai/funds/cowboy-ventures) — Series A, Series B, Series C
- Hong Shan — Series B, Series C
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series C