About Lightwing
Lightwing is a Technology company based in Wilmington (United States) founded in 2018 by Ravitej Yadalam and Navaneeth KN, and was acquired by Harness in September 2021. Cloud-spend management solution. Lightwing has raised $120 thousand across 1 funding round from investors including Harness and Techstars. Its Indian entity Retter Technology Consulting Private Limited reported revenue of ₹25.5 Lakh. Its focus areas include Enterprise Infrastructure, Cloud Infrastructure, Cloud Governance Platform and Spend Management. Its competitors include Apptio, Flexera and Spot; 3 of its 3 listed competitors have raised funding.
Company details
Lightwing provides a solution for cloud spend management. The cloud-based solution offered by the company leverages artificial intelligence to manage the workload and automate optimize the cloud spend. It also provides a solution to set custom alerts for unusual activities. The pricing model is based on monthly usage.
- Headquarters Wilmington, United States
- Founders Ravitej Yadalam, Navaneeth KN
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website lightwing.io
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Harness (Sep 2021)
- Legal Name Retter Technology Consulting Private Limited
- Date of Incorporation 07 Feb, 2018
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹25.5 Lakh
FY 2021 · -55% YoY
- Indian entity net loss-₹67.6 Lakh
FY 2021 · -266% margin
- Indian entity EBITDA-₹66.9 Lakh
FY 2021 · -263% margin
- Total Equity Funding$120K (USD)
in 1 rounds
- Latest Funding Round$120K (USD), Seed
Jan 2020
- InvestorsHarness
& 1 more
- Acquired byHarness
(Sep 2021)
Associated legal entities of Lightwing
Lightwing operates through Retter Technology Consulting Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Retter Technology Consulting Private Limited CIN U72900KA2018PTC110007 | Active | 07 Feb 2018 | Bangalore, Karnataka | ₹0.3 Cr | 2 | View details |
Apps and channels of Lightwing
its YouTube channel Lightwing has 5 subscribers and 1 videos.
Videos from Lightwing
The most watched videos on Lightwing's YouTube channel, Lightwing (5 subscribers). Click a video to play it here.
More on Lightwing.
Funding Insights of Lightwing
Lightwing has successfully raised a total of $120K through 1 strategic funding round. The most recent funding activity was a Seed round of $120 thousand completed in January 2020. 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 $120,000
- Total Rounds 1
- Last Round Seed — $120,000
- First Round $120,000
(Jan 2020)
- Investors Count 1
All 1 funding rounds of Lightwing with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2020 | $120,000 | Seed | – | Techstars | – |
2 investors in total: 2 institutional.
Investors in Lightwing
Lightwing has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Harness and Techstars.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States | |
Automatic builds, testing, and deployments are managed via self-service platform. | 2017 | harness.io | San Francisco, United States |
Investor details for Lightwing
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Verified entity values are shown only after access is granted.
Board of directors of Retter Technology Consulting Private Limited (Lightwing)
Retter Technology Consulting Private Limited is the primary company behind Lightwing. The board of Retter Technology Consulting Private Limited currently have 2 directors; the longest-serving is Ravitej Lakshman Yadalam, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravitej Lakshman Yadalam DIN 05005327 | Director | 03 Jul 2018 | 8 yrs 4 mo | Retter Technology Consulting Private Limited |
| Nambiathav Kedaram Navaneeth DIN 08667760 | Director | 21 Jan 2020 | 6 yrs 9 mo | Retter Technology Consulting Private Limited |
People of Lightwing
4 people are tracked at Lightwing (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Navaneeth KN | Co-Founder | Leadership |
Ravi Yadalam | Co-Founder & CEO | Leadership |
Shalin LK | Full Stack Engineer | Team |
Complete people profiles for Lightwing
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Financials of Lightwing
Figures of Retter Technology Consulting Private Limited, the primary company behind Lightwing, for FY 2021. Revenue was ₹25.5 Lakh (-55% year on year). Net loss was -₹67.6 Lakh (-266% margin). EBITDA was -₹66.9 Lakh (-263% margin).
- ₹25.5 LakhRevenue · FY 2021 · -55% YoY
- -₹67.6 LakhNet loss · -266% margin
- -₹66.9 LakhEBITDA · -263% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Retter Technology Consulting Private Limited are on its company page.
Detailed financial statements for Lightwing
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Lightwing
3 dated milestones of Lightwing across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Lightwing is founded.
- Funding First funding round of $120K.
- Exit Acquired by Harness.
Competitors of Lightwing
Lightwing has 3 listed competitors in our database, 3 of them funded. They include Apptio, Flexera and Spot.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| apptio.com | 2007 | Bellevue, United States | $136M | Cloud spending is managed for enterprises through a specialized platform. | ||
| flexera.com | 2008 | Itasca, United States | $5.76M | 755 | Cloud management solutions are delivered via an online IT platform. | |
| spot.io | 2015 | San Francisco, United States | $35M | Cloud spend management software is offered by Spot's platform. |
Detailed competitors of Lightwing
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Lightwing
The website of Lightwing (lightwing.io) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 129.4% vs previous month
Top companies in IT Services & Operations
3 companies that operate in the same segment as Lightwing (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about Lightwing
Complete news archive for Lightwing
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Frequently Asked Questions about Lightwing
Lightwing was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Lightwing is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Lightwing is a funded company, having raised a total of $120K across 1 funding round to date. The company's 1st funding round was a Seed of $120K, raised on Jan 2020.
The primary company behind Lightwing, Retter Technology Consulting Private Limited, reported revenue of ₹25.5 Lakh for FY 2021, down 55% year on year.
Lightwing provides a solution for cloud spend management. The cloud-based solution offered by the company leverages artificial intelligence to manage the workload and automate optimize the cloud spend. It also provides a solution to set custom alerts for unusual activities. The pricing model is based on monthly usage.
Lightwing operates through Retter Technology Consulting Private Limited.
Yes. Lightwing was acquired by Harness in September 2021.
The legal entities of Lightwing currently have 2 directors, including Nambiathav Kedaram Navaneeth, Ravitej Lakshman Yadalam.