Grafana Labs, a NYC-based company behind open, and composable operational dashboards, completed a primary and secondary transaction totaling approximately $270M.
The round, which was an extension of its Series D financing at a valuation of over $6 Billion, was led by existing investor Lightspeed Venture Partners, with participation from all existing investors, including GIC, Sequoia Capital, Coatue, Lead Edge Capital, J.P. Morgan and K5 Global. Additionally, Alphabet’s independent growth fund, CapitalG, joined as a new investor.
The company intends to use the funds to accelerate its product development, to strengthen its market leadership while strategically pursuing future M&A opportunities.
Led by CEO Raj Dutt, Grafana Labs provides an open and composable observability stack built around Grafana, the open source technology for dashboards and visualization used by 5,000+ customers, including Bloomberg, Citigroup, Dell Technologies, Salesforce, and TomTom, and 20M+ users around the world.
Grafana helps companies achieve their observability goals with the LGTM Stack, which features scalable metrics (Grafana Mimir), logs (Grafana Loki), and traces (Grafana Tempo) as well as extensive enterprise data source plugins, dashboard management, alerting, reporting, and security. The fully managed Grafana Cloud offering helps organizations get observability up and running easier and faster, with solutions for Kubernetes and infrastructure monitoring, incident response management, load testing, application observability, and more.
FinSMEs
22/08/2024