Grafana Labs Raises $220M in Series C Funding
August 25, 2021

Grafana Labs announced a $220 million Series C investment round, co-led by new investors Sequoia Capital and Coatue, with participation from existing investors Lightspeed Venture Partners, Lead Edge Capital, and GIC.

The new investment values Grafana Labs at $3 billion (for crypto fans, that’s more than 60,500 BTC as of August 23 at 22:00 UTC), more than ten times the valuation of the Series A round just two years ago. As part of the funding, Carl Eschenbach, partner at Sequoia and former President and COO at VMware, and David Schneider, general partner at Coatue and former President at ServiceNow, will be joining the company’s board of directors.

The “actually useful” free forever tier of Grafana Cloud provides the industry’s most generous no-cost observability stack, and with the funding round, Grafana Labs is adding 50GB of traces to the 50GB of logs, 10,000 series of Prometheus metrics, and 3 Grafana dashboard users that come with the free offering. Both Grafana Cloud and the on-premises Grafana Enterprise Stack offering include access to free and commercial plugins, such as Elasticsearch, Jira, Datadog, Splunk, AppDynamics, Oracle, MongoDB, Snowflake, ServiceNow, and more.

“It’s been an incredible year at Grafana Labs, highlighted by the rapid adoption of Grafana Cloud, the growth of our Loki logs and Prometheus metrics offerings, the introduction of Tempo 1.0 for tracing, and the continued development of the Grafana frontend,” said Raj Dutt, co-founder and CEO at Grafana Labs. “This new investment of capital, as well as the addition of two highly experienced technology executives to our board, will focus us on accelerating product development to support our community’s and customers' success.”

“In just a few years, Grafana Labs has grown from a single open source project into a comprehensive platform that is widely used across the Fortune 500 and Forbes Global 2000, helping companies make better decisions based on actionable data,” said Eschenbach. “I see a lot of similarities between the growth at Grafana Labs and the early years at VMware: focusing on solving problems for developers, and scaling those solutions across the enterprise. We’re eager to partner with Grafana Labs and look forward to working with Raj and team to continue building world-class observability products.”

Grafana Labs has doubled its headcount since the beginning of the year, with nearly 500 Grafanistas working remotely in more than 40 different countries. As part of its mission to deliver value to enterprise customers, as well as to the open source community, Grafana Labs recently announced the acquisitions of k6 for modern load testing and Pace.dev for building developer tools.

“At ServiceNow, I was able to witness first-hand how difficult it is to build an effective observability system that can provide teams with a single view across the organization,” said Schneider. “We think that Grafana Labs and their vendor-neutral ‘big tent’ philosophy have made it easier for organizations to keep tabs on all of their systems from one single dashboard. We’re proud to support them in their mission to bring a revolutionary approach to the market.”

Share this

Industry News

June 29, 2022

Progress announced the latest release of Progress Flowmon.

June 29, 2022

CodeSee announced the launch of Open Source Hub (OSH).

June 29, 2022

Ambassador Labs announced the newest release of Ambassador Edge Stack, an integrated edge solution that empowers developer teams to quickly configure the edge services required to build, deliver, and scale applications for Kubernetes.

June 29, 2022

Ondat released into general availability version 2.8 of its Ondat platform for stateful workloads in Kubernetes.

June 28, 2022

Hewlett Packard Enterprise (HPE) unveiled platform enhancements and new cloud services for HPE GreenLake, the company’s flagship offering that enables organizations to modernize all their applications and data.

June 28, 2022

Sysdig announced Drift Control to prevent container attacks at runtime. Teams can detect, prevent, and speed incident response for containers that were modified in production, also known as container drift.

June 28, 2022

ShiftLeft announced an investment from and go-to-market partnership with Wipro Ventures.

June 27, 2022

Delinea announced the latest release of DevOps Secrets Vault.

June 27, 2022

Jit announced a $38.5 million seed funding round and launched a free beta version which automates product security.

June 27, 2022

Platform.sh raised $140 million in Series D funding.

June 23, 2022

Akana by Perforce now offers BlazeMeter to customers, previously a solution with Broadcom Layer7.

June 23, 2022

Coder announced the release of a new open source project that gives developers and data scientists a consistent, secure, yet flexible way to create cloud workspaces in minutes.

June 23, 2022

GitGuardian is announcing a series of new features to address developer experience in securing the software development lifecycle.

June 22, 2022

OctoML released a major platform expansion to accelerate the development of AI-powered applications by eliminating bottlenecks in machine learning deployment.

June 22, 2022

Snow Software announced new functionality and integrations for Snow Atlas, a purpose-built platform that provides a framework to accelerate data-driven technology decision-making.