Enterprise IT Startup LightStep Secures $29 Million

LightStep announced the acquisition of $29 million in financing, led by Sequoia Capital. Redpoint Ventures, Cowboy Ventures, and Harrison Metal Capital also participated.

LightStep’s goal is to provide organizations with accurate, detailed snapshots of entire software systems, enabling them to identify bottlenecks and resolve incidents.

The company will use the funding to accelerate product development and meet growing market demand.