HomeUSALightyear Raises $31M in Series B Funding

Lightyear Raises $31M in Series B Funding

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Lightyear

Lightyear, a NYC-based provider of enterprise telecom management software, raised $31M in Series B funding.

The round was led by Altos Ventures, with participation from existing investors Ridge Ventures, Amplo, Zigg Capital, and Susa Ventures.

Founded by Dennis Thankachan (CEO) and Ryan Schrack (CTO), Lightyear provides an AI powered telecom operating software platform that streamlines and digitizes network service procurement, inventory management, and bill payment.

The solution is used by 300+ enterprises and 5,000+ enterprise users worldwide, including the likes of Alo Yoga, Palo Alto Networks, Five Guys, Pandora Jewelry, and Teladoc. Lightyear also works with 1,000+ ISPs and telecom service providers spanning the globe.

The company intends to use the funds for product innovation within its Telecom Operating System platform, adding features within its three core product lines (Procurement, Network Inventory Management, Bill Consolidation) and development of new products across network monitoring, AI, bulk site procurement and more.

FinSMEs

20/11/2024

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