Grafana Labs raises $240Mn in funding round
By MYBRANDBOOK
Grafana Labs, the fast-growing developer of the open-source Grafana data observability, visualization and dashboard software, has raised $240 million in a Series D round of funding led by GIC and new investor J.P. Morgan.
All other existing investors also participated in the round including Sequoia Capital, Coatue, Lightspeed Venture Partners and Lead Edge Capital.
The additional financing will support Grafana Labs’ rapid growth as it continues to develop the Grafana open-source data visualization and dashboard technology and Grafana-based commercial software products.
Grafana Labs develops the open-source Grafana software for data analytics and visualization that has more than 900,000 active installations. There are more than 2,000 Grafana Labs customers including Bloomberg, eBay, PayPal, and Sony.
Grafana Labs has also launched a full slate of open-source observability projects, including Grafana Loki (for logging), Grafana Tempo (for traces), and most recently, Grafana Mimir (for metrics).
Grafana Labs also uses the Grafana technology to develop its commercial enterprise products, including the Grafana data observability platform for collecting and analyzing metric, log and trace data generated by IT infrastructure, networks, cybersecurity tools and other systems.
Grafana Labs helps companies manage their observability strategies with full-stack offerings that can be run fully managed with Grafana Cloud, or self-managed with Grafana Enterprise Stack, both featuring extensive enterprise data source plugins, dashboard management, alerting, reporting and security.
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