Lightrun grabs $70M using AI to debug code in production

AI-based coding has exploded in popularity on the promise that it will make developers’ jobs faster and easier. But it’s also resulted in something else: a vast increase in lines of code, and thus the likelihood of bugs resulting in crashes or other mishaps. Today, an Israeli startup called Lightrun — which has built an observability platform to identify and debug (remediate) code before those problems arise — is announcing a Series B of $70 million. The funding underscores the not just the gap in the market for tools like these, but also Lightrun’s traction in meeting that demand. New backer Accel is co-leading the round alongside previous investor Insight Partners, with participation from Citi, Glilot Capital, GTM Capital, and Sorenson Capital. Lightrun has now raised $110 million to date, including a Series A led by Insight we covered in 2021. The startup is not disclosing valuation, but there are some strong signs that it’s doing well. First, there are its customers. Citi is a s ... Read full article.