What is Luciq.ai?
Luciq.ai, formerly known as Instabug, is a software company specializing in agentic AI-powered mobile observability and app performance solutions. Founded in 2012, the company has pioneered a new category of Agentic Mobile Observability, utilizing intelligent AI agents to proactively detect, diagnose, and resolve issues throughout the mobile app lifecycle. Their comprehensive platform offers bug reporting, app performance monitoring, crash reporting, in-app chats, user surveys, session replay, and automated resolution capabilities for a wide range of platforms including Android, iOS, and web. Serving over 25,000 companies globally, Luciq.ai has processed billions of reported issues and feedbacks, with its software development kit integrated into billions of devices worldwide. The company's commitment to proactive issue resolution and its advanced AI capabilities position it as a leader in the application performance monitoring market.
How much funding has Luciq.ai raised?
Luciq.ai has raised a total of $52.7M across 3 funding rounds:
Angel/Seed
$1.7M
Series A
$5M
Series B
$46M
Angel/Seed (2016): $1.7M with participation from Accel Partners, Jim Payne, and Amr Awadallah
Series A (2020): $5M led by Accel Partners BV
Series B (2022): $46M supported by Insight Partners
Key Investors in Luciq.ai
Accel Partners
Accel is a prominent venture capital firm known for investing in early-stage and growth-stage technology companies, often focusing on software and internet businesses.
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software companies. They are known for their operational support and expertise in scaling software businesses.
What's next for Luciq.ai?
With its recent major strategic investment and a substantial total funding amount of $52.7M, Luciq.ai is poised for accelerated growth and market leadership. The company's focus on agentic AI for mobile observability suggests a strategic direction towards enhancing proactive issue detection and automated resolution, differentiating it from traditional monitoring tools. This capital will likely support further research and development into advanced AI capabilities, expansion into new markets, and strengthening its existing customer base. The company's trajectory indicates a scaling phase, aiming to solidify its position as an indispensable tool for mobile application development and maintenance teams seeking to optimize performance and user experience.
See full Luciq.ai company page
