May 28, 2024

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Latest technological developments

Open-Source Software Developer Grafana Labs Scores $240 Million In Funding Round


Grafana Labs, the speedy-rising developer of the open up-supply Grafana data observability, visualization and dashboard application, has elevated $240 million in a Collection D spherical of funding, the corporation stated Wednesday.

The newest financing comes just seven months following the organization lifted $220 million in a Collection C funding round in August.

The most current round was led by existing trader GIC with participation from new investor J.P. Morgan. All other existing traders also participated in the round such as Sequoia Cash, Coatue, Lightspeed Venture Associates and Direct Edge Money.

[Related: The 10 Coolest Open-Source Software Tools Of 2021]

Grafana Labs, based mostly in New York, develops the open up-supply Grafana software package for data analytics and visualization that has much more than 900,000 active installations. Grafana Labs also employs the Grafana engineering to acquire its professional enterprise products and solutions, which includes the Grafana info observability platform for accumulating and examining metric, log and trace details created by IT infrastructure, networks, cybersecurity equipment and other techniques.

In November Grafana Labs struck a strategic partnership with Microsoft to create a Grafana managed support that runs on the Azure cloud system.

“Our options are straightforward: Aggressively deliver on our item roadmap and our determination to embracing the massive tent — enabling our people to compose and visualize data from any resource — while continuing to establish out modern observability capabilities across metrics, logs, tracing, and extra,” explained Grafana Labs CEO and co-founder Raj Dutt mentioned in a assertion saying the funding.

“We are committed to the continuous release of impactful open-supply computer software, bringing quite a few new abilities to current market, and regularly listening to the group and our buyers to drive innovation,” Dutt reported.

GIC, Singapore’s sovereign wealth fund, manufactured its initial investment in Grafana Labs in the company’s $50 million Series B financing spherical in August 2020.

“Grafana Labs is a sturdy, products-led corporation that has developed a committed shopper foundation and has sizeable adoption,” reported Choo Yong Cheen, GIC’s chief investment decision officer for non-public fairness, in a assertion.

“We are enthusiastic to lead the round, significantly as we have witnessed Grafana Labs’ skill to translate a portion of their totally free adoption into dependable organization outcomes. We see substantial international desire in Grafana Labs’ products and seem forward to leveraging GIC’s community to assistance the company’s world advancement ambitions and travel deeper associations in APAC more than the extended term,” Choo Yong Cheen said.

Grafana Labs explained around the world adoption of Grafana has amplified by a factor of 25 in the past 6 many years to its present 900,000 energetic installations and 10 million world users. Grafana Labs’ possess 2,000-furthermore professional customers contain Bloomberg, JP Morgan Chase, Sony and eBay.


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