About Lightbits
Lightbits is a company based in San Jose (United States) founded in 2016 by George Agasandian, Avigdor Willenz, Eran Kirzner, Ofir Efrati, and Muli Ben-Yehuda.. Lightbits has raised $92 million across 3 funding rounds from investors including J P Morgan, Micron Technology and Cisco Investments. Lightbits offers products and services including Lightbits Software-Defined Storage, Lightbits for Kubernetes, and Lightbits for VMware. Lightbits operates in a competitive market with competitors including Nutanix, DataCore, Scality, Scale Computing and SimpliVity, among others.
- Headquarter San Jose, United States
- Founders George Agasandian, Avigdor Willenz, Eran Kirzner, Ofir Efrati, Muli Ben-Yehuda
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$92 M (USD)
in 3 rounds
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Latest Funding Round
$42 M (USD), Series C
Jun 28, 2022
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Investors
J P Morgan
& 12 more
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Employee Count
Employee Count
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Products & Services of Lightbits
Lightbits offers a comprehensive portfolio of products and services, including Lightbits Software-Defined Storage, Lightbits for Kubernetes, and Lightbits for VMware. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers high-performance storage for AI and cloud workloads with low latency.
Provides persistent volumes for Kubernetes clusters to handle big workloads.
Offers high IOPS block storage for VMware environments supporting modern apps.
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Funding Insights of Lightbits
Lightbits has successfully raised a total of $92M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $42 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $42.0M
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First Round
First Round
(12 Mar 2019)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series C - Lightbits | Valuation | Atreides Management | |
| Oct, 2020 | Amount | Series B - Lightbits | Valuation | Intel Capital |
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| Mar, 2019 | Amount | Series B - Lightbits | Valuation | Walden International , Micron |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lightbits
Lightbits has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include J P Morgan, Micron Technology and Cisco Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Technology and consumer sectors are targeted through private equity investments.
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location | |
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VC firm investing in tech startups
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lightbits
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lightbits
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lightbits Comparisons
Competitors of Lightbits
Lightbits operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Nutanix, DataCore, Scality, Scale Computing and SimpliVity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered cloud management software is delivered for enterprises.
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| domain | founded_year | HQ Location |
Software-defined storage and virtualization solutions are provided by DataCore.
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| domain | founded_year | HQ Location |
Cloud based platform offering software defined storage solutions for enterprises
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| domain | founded_year | HQ Location |
Hyper-converged infrastructure solutions for virtual machine environments are delivered.
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| domain | founded_year | HQ Location |
Hyperconverged infrastructure is supplied for virtualized data centers globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lightbits
Frequently Asked Questions about Lightbits
When was Lightbits founded?
Lightbits was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Lightbits located?
Lightbits is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Who is the current CEO of Lightbits?
Eran Kirzner is the current CEO of Lightbits. They have also founded this company.
Is Lightbits a funded company?
Lightbits is a funded company, having raised a total of $92M across 3 funding rounds to date. The company's 1st funding round was a Series B of $50M, raised on Mar 12, 2019.
What does Lightbits do?
Lightbits Labs was founded in 2016 and is located in San Jose, United States. NVMe SSD software solutions for cloud infrastructures are developed, focusing on IOPS architecture, data striping, and independent scaling. Auto capacity adjustments, optimized IO handling, cluster management, and failover processes are supported. Data replication and network infrastructure are managed with client transparency. Clients such as Data Storage Science and a Fortune 500 SaaS provider are served.
Who are the top competitors of Lightbits?
Lightbits's top competitors include Nutanix, Scality and Scale Computing.
What products or services does Lightbits offer?
Lightbits offers Lightbits Software-Defined Storage, Lightbits for Kubernetes, and Lightbits for VMware.
Who are Lightbits's investors?
Lightbits has 13 investors. Key investors include J P Morgan, Micron Technology, Cisco Investments, Atreides Management, and Valor Equity Partners.
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