Lightrun, a developer observability platform based in Tel Aviv, has successfully raised $70 million in Series B funding, co-led by Accel and Insight Partners, bringing its total funding to $110 million.

The company has experienced remarkable growth, with revenues increasing 4.5 times year over year and a doubling of its workforce, now employing around 82 people.

Lightrun's innovative platform leverages AI to detect, diagnose, and suggest code fixes in real time, significantly reducing the time needed to resolve production issues.

Insight Partners' managing director Teddie Wardi emphasized the necessity of Lightrun's proactive and scalable solutions for maintaining system reliability amid increasing production incidents.

CEO Ilan Peleg highlighted the increasing complexity of software development and the rise of AI-driven tools, which have made production systems more vulnerable and necessitate solutions like Lightrun's.

The platform allows developers to add monitoring tools directly to running software, facilitating rapid identification and resolution of issues without system shutdowns or new version releases.

Lightrun's Runtime Autonomous AI Debugger enables live patching of code in production environments, enhancing operational resilience for customers.

Launched in July 2024, the Runtime Autonomous AI Debugger addresses the growing need for tools that mitigate coding errors driven by AI technologies.

By integrating live debugging and autonomous remediation into developers' workflows, Lightrun aims to make production systems more resilient and prevent issues before they affect users.

The new capital raised will be used to accelerate Lightrun's enterprise expansion and enhance its technology, shifting towards proactive problem resolution in software development.

Peleg, a former champion middle-distance runner, emphasizes the challenge of understanding code interactions and anticipating bugs without costly interruptions.

Lightrun also provides autonomous code fix suggestions, enabling rapid remediation of issues and further solidifying its role in the software development lifecycle.