# Lightyear

> Lightyear is a New York-based enterprise software company building a 'Telecom Operating System' that digitizes how large organizations buy and manage network services. Founded in 2019 by Dennis Thankachan and Ryan Schrack, the platform automates telecom procurement, network inventory management, and bill consolidation across a marketplace of 1,000+ carriers, replacing a process that has traditionally relied on phone calls, spreadsheets, and weeks of waiting. It serves 300+ enterprises and 5,000+ users, including Palo Alto Networks, Five Guys, Alo Yoga, Pandora Jewelry, and Teladoc.

- **Founded:** 2019
- **Headquarters:** New York, New York, United States
- **Founders:** Dennis Thankachan (Co-Founder & CEO), Ryan Schrack (Co-Founder & CTO)
- **Team size:** ~74 employees (reported figures range from 35 to 74 across sources)
- **Products:** Procurement, Network Inventory Manager, Bill Consolidation / Telecom Expense Management (TEM), API & AI Features
- **Notable:** Raised $31M Series B in November 2024 led by Altos Ventures., Grew to 300+ enterprise customers and 5,000+ users., Built a marketplace spanning 1,000+ carriers and processed quotes for tens of thousands of services.

## Products & services

- **Procurement** — A marketplace and quoting engine that lets enterprises compare, source, and buy network services (internet, fiber, SD-WAN, voice, broadband) from 1,000+ carriers, with automated quoting and installation management.
- **Network Inventory Manager** — A centralized system of record for all telecom services, contracts, circuits, and locations, giving IT and network teams visibility into what they have, where, and at what cost.
- **Bill Consolidation / Telecom Expense Management (TEM)** — Consolidates fragmented carrier invoices into a single view, automating monitoring and payment of telecom bills.
- **API & AI Features** — APIs and AI capabilities including natural-language querying of network data and custom charts/reports to extract insights.

## Achievements

- Raised $31M Series B in November 2024 led by Altos Ventures.
- Grew to 300+ enterprise customers and 5,000+ users.
- Built a marketplace spanning 1,000+ carriers and processed quotes for tens of thousands of services.
- Launched Network Inventory Manager, Bill Consolidation, and public API offerings.
- Signed brands including Palo Alto Networks, Five Guys, Alo Yoga, Pandora Jewelry, and Teladoc.

## Latest updates

- **2024-11** — Closed $31M Series B led by Altos Ventures to expand its Telecom Operating System across procurement, inventory, and billing.
- **2024-11** — Announced launch of Network Inventory Manager, Bill Consolidation, and API offerings alongside revenue and customer growth.

## Links

- Website: https://lightyear.ai
- LinkedIn: https://www.linkedin.com/company/lightyearai
- Twitter/X: https://twitter.com/lightyearai
- YouTube: https://www.youtube.com/watch?v=v6FQqro5sho

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Profile page: https://yespress.io/lightyear
Published by YesPress — https://yespress.io
Last updated: 2026-07-19