Tech Company Financing Transactions

Lightbits Labs Funding Round

Lightbits Labs secured a $42 million funding round on 6/28/2022. Investors included Atreides Management LP, Dell Technologies Capital and Intel Capital.

Transaction Overview

Company Name
Announced On
6/28/2022
Transaction Type
Venture Equity
Amount
$42,000,000
Round
Undisclosed
Proceeds Purpose
The company plans to use the new funding to enrich its technology and to prepare for it for a soft launch with public cloud providers, Kirzner said. It also plans to invest in expanding its marketing and sales activities.

Company Information

Company Status
Private & Independent
Industry
Storage
Mailing Address
1830 The Alameda
San Jose, CA 95126
USA
Phone
Undisclosed
Email Address
Overview
Lightbits makes high-performance elastic block storage simple, scalable, and cost-efficient for any cloud. We help our customers scale their business effortlessly, accelerate IT operations, and reduce costs.
Profile
Lightbits Labs LinkedIn Company Profile
Social Media
Lightbits Labs Company Twitter Account
Company News
Lightbits Labs News
Facebook
Lightbits Labs on Facebook
YouTube
Lightbits Labs on YouTube

Management Team

Title
Name
Email & Social
Chairman
Avigdor Willenz
  Avigdor Willenz LinkedIn Profile  Avigdor Willenz Twitter Account  Avigdor Willenz News  Avigdor Willenz on Facebook
Chief Executive Officer
Eran Kirzner
  Eran Kirzner LinkedIn Profile  Eran Kirzner Twitter Account  Eran Kirzner News  Eran Kirzner on Facebook
Chief Financial Officer
Miki Avni
  Miki Avni LinkedIn Profile  Miki Avni Twitter Account  Miki Avni News  Miki Avni on Facebook
Chief Scientific Officer
Muli Ben-Yehuda
  Muli Ben-Yehuda LinkedIn Profile  Muli Ben-Yehuda Twitter Account  Muli Ben-Yehuda News  Muli Ben-Yehuda on Facebook
Chief Technical Officer
Sagi Grimberg
  Sagi Grimberg LinkedIn Profile  Sagi Grimberg Twitter Account  Sagi Grimberg News  Sagi Grimberg on Facebook
Co-Founder
George Agasandian
  George Agasandian LinkedIn Profile  George Agasandian Twitter Account  George Agasandian News  George Agasandian on Facebook
VP - Marketing
Carol Platz
  Carol Platz LinkedIn Profile  Carol Platz Twitter Account  Carol Platz News  Carol Platz on Facebook
VP - R & D
Gil Sasson
  Gil Sasson LinkedIn Profile  Gil Sasson Twitter Account  Gil Sasson News  Gil Sasson on Facebook
VP - Sales
Rick Gouveia
  Rick Gouveia LinkedIn Profile  Rick Gouveia Twitter Account  Rick Gouveia News  Rick Gouveia on Facebook


 

 

Browse more venture capital transactions:

Prev: 6/28/2022: Progcap venture capital transaction
Next: 6/28/2022: BIT ODD venture capital transaction

 

Share this article

 


Where The Data Comes From

We report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary