# Lightyear AI

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

- Industry: Internet
- Headquarters: Albany, US
- Website: www.lightyear.ai
- Total disclosed funding: $17M
- Latest round: Series A (Jul 16, 2021)
- Investors on record: 8

## About

Lightyear AI, Inc. specializes in providing a Telecom Operating System that automates telecom lifecycle management for enterprises, enhancing operational efficiency through data-driven insights and procurement capabilities.Lightyear AI, Inc. was founded in 2019 in Albany, US. The company focuses on automating telecom operations, facilitating procurement, inventory management, and bill consolidation. The founders, Andrew P., Mark Hendriks, Ryan Lewis, and Ryan Schrack, bring diverse experiences from previous ventures. Lightyear has successfully raised a total of USD 31.175 mn across multiple funding rounds, with the latest being a Series A round of USD 13.1 mn on July 16, 2021, led by Ridge Ventures with participation from various investors such as Amplo and Zigg Capital.Lightyear's core offering is its Telecom Operating System that manages the entire telecom lifecycle for enterprises through automation and data-driven insights. The software enables procurement, network inventory management, and bill consolidation, optimizing telecom operations. It also provides advanced procurement capabilities tailored for clients' needs, consolidating over 30 data points for each service, which allow full visibility into network assets and automated lifecycle workflows. Lightyear serves a variety of clients, including Fortune 500 companies across sectors like hardware manufacturing, with notable implementations in North America and Europe.Lightyear generates revenue through a subscription-based model, where clients pay for access to its Telecom Operating System and related services. Contracts typically span a specified term, allowing clients to utilize the software for procurement, inventory management, and billing consolidation. By offering a single monthly statement for telecom invoices, Lightyear simplifies billing processes for large enterprises and IT departments. Specific pricing plans are available for various service tiers, aligning with diverse business sizes and requirements, while the procurement and network inventory management solutions are central to its revenue generation strategy.Following its Series A funding round of USD 13.1 mn in July 2021, led by Ridge Ventures, Lightyear plans to bolster its hiring and resources within development and go-to-market functions. The company aims to expand its product offerings and enhance its existing Telecom Operating System. Additionally, Lightyear is exploring opportunities to enter new geographic markets, targeting expansion in Europe and Asia by 2023. The funds raised will be strategically allocated to support these initiatives, positioning the company for future growth.

## Funding rounds

- Series A, Jul 16, 2021, $13M — Ridge Ventures, Ludlow Ventures, Susa Ventures, Amplo, Contrary, Zigg, Darco Capital, Operator Partners
- Seed, Oct 27, 2020, $3.7M — Ludlow Ventures, Susa Ventures, Amplo, Contrary, Operator Partners

## Investors

- Ludlow Ventures (https://capitalatlas.ai/funds/ludlow-ventures) — Seed, Series A
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed, Series A
- Amplo (https://capitalatlas.ai/funds/amplo) — Seed, Series A
- Contrary (https://capitalatlas.ai/funds/contrary) — Seed, Series A
- Operator Partners — Seed, Series A
- Ridge Ventures (https://capitalatlas.ai/funds/ridge-ventures) — Series A
- Zigg (https://capitalatlas.ai/funds/zigg) — Series A
- Darco Capital — Series A