June 2, 2023

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

Grafana Labs, the rapid-rising developer of the open up-source Grafana data observability, visualization and dashboard software package, has raised $240 million in a Sequence D round of funding, the business stated Wednesday.

The most current financing will come just 7 months following the corporation lifted $220 million in a Series C funding spherical in August.

The most current round was led by existing investor GIC with participation from new investor J.P. Morgan. All other current traders also participated in the round which includes Sequoia Capital, Coatue, Lightspeed Venture Associates and Guide Edge Funds.

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

Grafana Labs, based mostly in New York, develops the open up-resource Grafana software for info analytics and visualization that has much more than 900,000 energetic installations. Grafana Labs also takes advantage of the Grafana technological know-how to produce its industrial business products and solutions, including the Grafana data observability platform for accumulating and examining metric, log and trace facts created by IT infrastructure, networks, cybersecurity applications and other techniques.

In November Grafana Labs struck a strategic partnership with Microsoft to develop a Grafana managed assistance that operates on the Azure cloud system.

“Our designs are simple: Aggressively deliver on our merchandise roadmap and our determination to embracing the major tent — enabling our people to compose and visualize facts from any resource — whilst continuing to develop out present day observability abilities across metrics, logs, tracing, and far more,” explained Grafana Labs CEO and co-founder Raj Dutt said in a statement saying the funding.

“We are committed to the continual launch of impactful open-resource computer software, bringing many new capabilities to current market, and consistently listening to the neighborhood and our buyers to travel innovation,” Dutt mentioned.

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

“Grafana Labs is a sturdy, item-led firm that has created a committed buyer foundation and has major adoption,” reported Choo Yong Cheen, GIC’s main investment officer for private fairness, in a assertion.

“We are enthusiastic to direct the round, significantly as we have witnessed Grafana Labs’ capacity to translate a part of their absolutely free adoption into dependable business enterprise success. We see major worldwide desire in Grafana Labs’ solutions and glimpse forward to leveraging GIC’s community to support the company’s world wide advancement ambitions and push further associations in APAC in excess of the extensive phrase,” Choo Yong Cheen said.

Grafana Labs stated throughout the world adoption of Grafana has enhanced by a variable of 25 in the previous 6 a long time to its current 900,000 lively installations and 10 million world wide users. Grafana Labs’ possess 2,000-as well as industrial shoppers consist of Bloomberg, JP Morgan Chase, Sony and eBay.