LP Login

Think Big. Move Fast.

Takipi.

Over the past few years, there has been an incredible revolution in the way that software applications are built and run. The Cloud has simplified and accelerated time to development, Big Data has made applications smarter and more predictive, and Microservices are changing the way we think about our application architecture. Needless to say, it’s a fun time to be a software developer.

But, as with every revolution, new problems emerge. And as applications have trended towards a more distributed, data-centric, and segmented architecture, keeping them up and running reliably has become more of a challenge.

This is the exact problem that Tal Weiss and his co-founders at Takipi faced a few years ago after selling their startup VisualTao to Autodesk. Tal and his team were charged with mobilizing the Autodesk application, which was no easy task. The team relished the challenge of writing a distributed, cloud-based application that scaled to support millions of concurrent mobile users, but at the same time, they were frustrated that the state of the art of finding, analyzing, and debugging errors in production code had not kept up with the new software stack.

Some of the best companies are born out of frustration. This is exactly howTakipi was born. Tal and his co-founders — some of the smartest technologists in Israel — asked themselves “if we could build it from the ground up it, how would we build a better event management tool for the cloud era?” It took over 2.5 years of development to build the ideal tool, but what Takipi unveiled in April of last year was nothing short of revolutionary.

Today, the state of the art for application event management is Splunk, a $6B+ public company that has changed the way developers and IT managers fix their code. Splunk helps developers search for, identify and narrow in on potential application problems, but in a distributed, modern application there’s an incredible amount of log data that a developer must sift through. In many cases, it can take hours or days to find, simulate, and fix an application problem in a production environment.

The Takipi team rethought the traditional search paradigm of log management tools, and invented smart logs that bring a developer directly into the source code at the time of error with deep visibility into the objects and variables that may have caused an error. By monitoring an application at the lowest level, Takipi extracts rich, smart data in real-time, resulting in something that has to be seen to be believed.

takipi2

Takipi launched their product in April 2015 and within a year has gained over 120 enterprise and mid-market customers… all by word of mouth. By using Takipi, these customers — some of the most innovative, forwarding thinking organizations in the world — can now find the root cause of their application issues 10x faster than using traditional log management tools.

Lightspeed is excited to announce that we are leading Takipi’s $15M Series B financing to help the company accelerate investments in sales, marketing and R&D. At Lightspeed, we look to partner with founders who challenge the status quo, take a fresh look at a burning problem, and find a step-function solution to problems in big markets… and Tal and the team at Takipi are a great example of this. We are excited about how Tal and the Takipi team are rethinking the way developers and devops managers will find, analyze and resolve their production code issues in this new world of distributed cloud, big data and mobile applications.

Arif Janmohamed is a Partner at Lightspeed Venture Partners. He brings significant infrastructure, cloud, and analytics expertise to the Takipi board. Prior to joining Lightspeed, Arif worked in the Corporate Business Development group at Cisco Systems. Earlier in his career, Arif worked in technical development and product management roles at WebTV (acquired by MSFT), Andes Networks (acquired by SUNW), and Sun Microsystems.

Continue Reading ...


photojoiner

March and April are the most exciting months of the NFL offseason.  Free agency begins in March and the NFL draft takes place in April.  As a fan, you get to watch your favorite team add new players as they take aim at the coveted Lombardi Trophy.  This time of the year also reminds us that the perennial playoff teams – the Patriots, Steelers, and Packers – were all crafted using the same formula: build a strong core team through the draft and complement them with up and coming players in free agency.

At Lightspeed, we have taken a similar approach to building our organization over the years.  With the announcement of our latest fund, our regular season is now approaching.  In preparation for the new fund, we have enhanced our enterprise team by adding two new partners through the draft and free agency.

We are thrilled to welcome Ajay Sudan, who brings with him 15 years of operating experience including six years at Palantir where he was responsible for launching several new businesses, including their healthcare business, which he grew to $100M+ in sales.  Prior to that, he worked at Microsoft in product management and marketing.  He holds an MBA from Harvard and a master’s degree in computer engineering from MIT.  While at MIT, Ajay co-authored papers related to distributed systems, storage and secure processing.  We are very happy to have Ajay signed on to the Lightspeed team.

We also added Sudip Chakrabarti.  Sudip joins us from Andreessen Horowitz where he focused on emerging companies in the datacenter, analytics, security, and cloud sectors, including significant experience working with open source business models and university spinouts.  Sudip brings five years of investing experience and holds an ECE from IIT, an MBA from Wharton, and a PhD in Computer Engineering from Georgia Tech. He had also cofounded two software companies – one of which commercialized his PhD research. We’re excited to have Sudip bring his deep sector knowledge and business model expertise to our existing enterprise platform that includes early investments in companies such as AppDynamics, Datastax, ExtremIO, FusionIO, MapR, Mulesoft, Nimble Storage, Nutanix, Riverbed, and Tintri.

We are building a strong organization with amazing talent that we believe leaves us well positioned to battle for the playoffs year in and year out.  Please join us in welcoming Ajay and Sudip to the Lightspeed team.

Continue Reading ...


I joined Lightspeed ten years ago. It’s been an amazing ride. We announced $1.2bn of committed capital in our latest fund family last month and four of us have been listed on the CB Insights/NY Times list of top 100 Venture Capitalists.

The partners here had made many great investments in consumer companies before then — companies that resulted in successful IPOs like BlueNile and eHealth in the late 90s. But I was the first person to solely focus on consumer investing. Since then, as a team, we’ve been fortunate enough to invest behind the vision of the founders of some tremendous consumer companies across messaging, social media, e-commerce, Internet of Things, marketplaces and gaming. Some of the better known companies in our consumer portfolio include Affirm, Bonobos, DianPing, Giphy, Grubhub, Nest, OutBrain, Oyo Rooms, Playdom, Snapchat, Stitchfix, Nest, Grubhub, TaskRabbit and The Honest Company.

I grew up in Australia and I played rugby when I was younger (and much, much fitter!). I was never very good. But one of the things that rugby teaches you is the importance of relying on your team. Whether you’re trying to win a lineout, rolling a maul, or looking for support as the cover defense closes in, your success and that of your team depends on your teammates being there for you, willing to do the hard yards to have your back.

For that reason I was thrilled when Aaron Batalion joined as my partner in November. He’s the cofounder and former CTO of LivingSocial, and over the past few years has angel invested in companies such as Shyp, LendingHome, Walker & Co, and also sits on the board of a YC alumni ThinAir. His nickname is Tank and I wouldn’t have minded having him as a teammate in my rugby playing days either, holding me up in the scrum!

Today, I’m even more thrilled as we have added two new people to our consumer team. Alex Taussig joined us as a partner from Highland Capital Partners where he spent the last 7 years as a venture capitalist. He led investments in several online marketplace businesses across apparel (thredUP) and real estate (RentJuice/Zillow) and pioneered the firm’s push into emerging sectors like virtual reality (JauntVR). He studied physics and materials engineering at Harvard and MIT and received his MBA from Harvard Business School; so, Alex combines a deep technical background with terrific business and consumer sensibilities, as well as a passion for helping entrepreneurs build their dreams into reality. Check out Alex’s post on joining Lightspeed over on his Medium.

In addition, Jon Steinberg has also joined us, as a Venture Partner. His full time job is CEO of Cheddar, the OTT video company he founded, and where Lightspeed is the lead investor. In addition to his day job as CEO, Jon will be working closely with Lightspeed, bringing his expertise in online media from his time as President of Buzzfeed and CEO of Daily Mail Online, as well as his fantastic connections in the NY tech startup scene.

In Venture Capital as in rugby, a well functioning team is so much more than the sum of its parts. Given that the parts are thought-leaders like Aaron, Alex, and Jon, I am just incredibly excited about Lightspeed’s ability to bring actionable technical, product and strategic insights to the entrepreneurs that we work with.

The last ten years have good to Lightspeed on the consumer side. As a team, the next ten will be even better.

Continue Reading ...


I recently watched the movie “The Intern” starring Anne Hathaway as CEO of an eCommerce startup and Robert DeNiro as her “senior intern”.

It was a fun movie, and I thought it might also be fun to look …

Continue Reading ...


I once witnessed a first-time entrepreneur pitch his very early stage startup, vision, and product with so much passion, precision, and authority to a well-recognized Global consumer goods brand that the CIO agreed to a POC (proof of concept) even …

Continue Reading ...


One of my favorite things about the tech industry is that reputations and relationships matter. Unlike Wall Street, or Hollywood, people in the tech industry pay it forward and treat each other well.  This isn’t just Northern California touchie feelie; …

Continue Reading ...


By: Will Kohler and John Vrionis

Datos logo 2

http://datos.io/

We are thrilled to be partnered with Tarun and Prasenjit, founders of Datos IO, who just announced their Big Data recovery solution for customers of scale-out databases such as Cassandra and MongoDB.

Early …

Continue Reading ...


SaaS is no longer a new business model. One look at any of the market maps for marketing tech, sales productivity apps, HR tech or other functional areas within enterprises would tell you how crowded these traditional enterprise software landscapes …

Continue Reading ...


Today we are excited to announce Lightspeed’s $10 million Series A investment in Rubrik. Just as Apple built a time machine to protect Macs, Rubrik has built a powerful time machine for enterprise cloud infrastructure that unites data management with …

Continue Reading ...


Highfive will change the way we work together

Arif Janmohamed, Partner, Lightspeed Venture Partner

highfive

“Please enter your 9 digit meeting code and hit pound.”
“Sorry, that passcode is incorrect.”
“Please enter your 9 digit meeting code and hit pound.”
“At …

Continue Reading ...