Fundz

Lightstrike raised $1.1 million CAD in a pre-seed round led by Sprout Fund to commercialize its AI-powered code mapper.

PRIVATENov 20, 2024

Amount Raised

C$1.1 Million

Round Type

Pre-Seed

CalgarySoftwareArtificial IntelligenceEnterprise SoftwareSaaS

Investors

The Binnacle GroupSprout Fund

Description

Lightstrike, based in Calgary, has secured $1.1 million CAD in pre-seed funding to enhance its AI-driven tool for mapping enterprise application connections. The funding, led by Sprout Fund, aims to support the company's expansion across North America.

Quick answer

Lightstrike raised C$1.1 Million in a Pre-Seed round, dated November 20, 2024. Investors: The Binnacle Group and Sprout Fund. Lightstrike is based in Calgary, Alberta, Canada.

How much did Lightstrike raise?
Lightstrike raised C$1.1 Million in a Pre-Seed round on November 20, 2024.
Who invested in Lightstrike?
The Binnacle Group and Sprout Fund are named as investors in this round.
What does Lightstrike do?
Lightstrike is a Calgary-based startup that provides an AI-powered tool to map the connections between enterprise applications.
Where is Lightstrike based and how big is it?
Lightstrike is based in Calgary, Alberta, Canada.
Who are the decision-makers at Lightstrike?
Fundz holds 1 contact at Lightstrike. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Enterprise Software and SaaS around the same time

Companies in the same sectors as Lightstrike that raised within 45 days of this round, from Fundz verified event records.

  • TrueFoundry raised $19M on December 31, 2024.
  • Nuon raised $17M (Funding Round) on December 20, 2024.
  • Askel.ai raised $398K (Pre-Seed) on December 13, 2024.
  • Subscript raised $18M on December 12, 2024.
  • Aampe raised $18M (Series A) on December 10, 2024.
  • Provarity raised $7M (Seed) on December 4, 2024.

Who to call at Lightstrike, and when

A new round usually means Lightstrike is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at Lightstrike, from your own LinkedIn network

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Company Information

Company

Lightstrike

Location

Calgary, Alberta, Canada

About

Lightstrike is a Calgary-based startup that provides an AI-powered tool to map the connections between enterprise applications. Founded by CTO James Cuff and CEO Vernon Briggs, the company aims to help prevent cascading application and system failures by visualizing inter-app interactions. Lightstrike operates under a Software-as-a-Service (SaaS) model and currently has revenue-generating customers, although specifics are confidential. The founders emphasize the vital role of their mentorship through the Alberta Innovates GrowthX Revenue Accelerator in refining their business strategy.

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Lightstrike raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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