# Lightning Labs: Information technology & services, San Francisco, United States > Lightning Labs: Lightning Labs is a private technology company focused on enhancing the Bitcoin ecosystem through the Lightning Network, a second-layer... Source: https://millionrounds.com/startup/lightning-labs (Millionrounds; every figure on the page links to its filing or article) United States · [Information technology & services startup](https://millionrounds.com/companies) # Lightning Labs Lightning Labs is a private technology company focused on enhancing the Bitcoin ecosystem through the Lightning Network, a second-layer payment protocol designed for fast and cost- Funding reported Last round: Series B Information technology & services San Francisco, United States Company summary - **Founded:** 2016 10 years old - **Team:** 24 11 to 50 people - **Funding reported:** $83M in dollars - **Last round:** Series B Apr 2022 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Lightning Labs has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Lightning Labs Lightning Labs is a private technology company focused on enhancing the Bitcoin ecosystem through the Lightning Network, a second-layer payment protocol designed for fast and cost- effective Bitcoin transactions. The company develops open-source software infrastructure that supports the Lightning Network globally, aiming to make Bitcoin more usable for everyday payments. The core services offered by Lightning Labs include the development and maintenance of the Lightning Network protocol, the Lightning Network Daemon (LND), and a variety of developer tools and APIs. Their innovative products, such as Lightning Loop, Pool, and the Lightning App, facilitate liquidity management and provide users with intuitive interfaces for managing transactions. Lightning Labs serves a diverse audience, including node operators, developers, Bitcoin users, and financial institutions, all seeking to leverage the benefits of the Lightning Network for efficient payment processing. ## What company datasets say Lightning Labs raised Funding, as reported Reported in all **$83M** in dollars Rounds **5** Last round **Series B** Last round size **$70M** Last round date **Apr 2022** Investors listed **36** ## Founders and team From Lightning Labs's own website and the SEC filings it signed: 2 founders, 10 on the team. **Elizabeth Stark** CEO and Co-Founder *Named on its 2018 Form D* **Olaoluwa Osuntokun** CTO and Co-Founder *Named on its 2018 Form D* - **Alex Bosworth** Head of Lightning Liquidity - **Michael Levin** VP Product - **Michelle Qian** VP Finance and Operations - **Neil Kelly** Head of Engineering Management - **András Bánki-Horváth** Senior Lightning Infrastructure Engineer - **Calvin Zachman** Platform Engineer - **Jacob Schuler** Platform Engineer - **Jamal James** Senior Lead Frontend Engineer - **Kevin Cai** Platform Engineering Lead - **Mohammad Suheb Khan** Technology Product Manager ## On 8 portfolio pages Investors who name them - [Craft Ventures](https://millionrounds.com/fund/craft-ventures) - [Digital Currency Group](https://millionrounds.com/fund/digital-currency-group) - [The Hive](https://millionrounds.com/fund/the-hive) - [Creative Capital](https://millionrounds.com/fund/creative-capital) - [StillMark](https://millionrounds.com/fund/stillmark) - [Sommet AB & Sommet Ventures AB](https://millionrounds.com/fund/sommet-ab-and-sommet-ventures-ab) - [Studio Management](https://millionrounds.com/fund/studio-management) - [Hivemind Ventures](https://millionrounds.com/fund/hivemind-ventures-llc) Each firm lists Lightning Labs on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for consumers lightning node management tools lightning node management lightning network interoperability multi-asset protocol liquidity tools distribution stablecoin integration enterprises lightning network developer resources lightning network community engagement open source bitcoin software lightning infrastructure multi-asset lightning network information technology & services financial services Built with from their website Bitcoin PWA Google Cloud GitHub Google Workspace CloudFlare Viewport Meta webpack.NET Google Meet +8 more CloudFlare CDN React Google Font API Cloudflare Insights Mobile Friendly Go Jest Open Graph - **Sector:** Information technology & services - **Industry code:** NAICS 51321, SIC 7375, 7372 - **Region:** California - **Revenue:** $2.6M a year, as listed - **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/lightning-labs) ## Information technology & services in United States Startups like it - [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks) - [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo) - [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe) - [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor) - [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab) - [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition) - [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket) - [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey) ## Is this your company? 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