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

Grafana Labs, the speedy-growing developer of the open-resource Grafana data observability, visualization and dashboard computer software, has lifted $240 million in a Series D round of funding, the corporation said Wednesday.

The most recent funding comes just 7 months after the organization elevated $220 million in a Series C funding spherical in August.

The newest spherical was led by present trader GIC with participation from new investor J.P. Morgan. All other current buyers also participated in the round including Sequoia Money, Coatue, Lightspeed Venture Partners and Guide Edge Capital.

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

Grafana Labs, dependent in New York, develops the open-resource Grafana software package for info analytics and visualization that has more than 900,000 lively installations. Grafana Labs also takes advantage of the Grafana know-how to create its professional organization products, which includes the Grafana data observability system for amassing and analyzing metric, log and trace info generated by IT infrastructure, networks, cybersecurity tools and other techniques.

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

“Our programs are easy: Aggressively deliver on our solution roadmap and our motivation to embracing the huge tent — enabling our people to compose and visualize info from any source — even though continuing to build out modern day observability capabilities throughout metrics, logs, tracing, and a lot more,” claimed Grafana Labs CEO and co-founder Raj Dutt said in a assertion announcing the funding.

“We are committed to the continual launch of impactful open up-source software package, bringing lots of new abilities to current market, and consistently listening to the neighborhood and our consumers to generate innovation,” Dutt claimed.

GIC, Singapore’s sovereign wealth fund, built its first investment decision in Grafana Labs in the company’s $50 million Series B funding round in August 2020.

“Grafana Labs is a strong, product-led firm that has developed a committed shopper foundation and has substantial adoption,” said Choo Yong Cheen, GIC’s chief expense officer for personal equity, in a statement.

“We are enthusiastic to direct the spherical, especially as we have witnessed Grafana Labs’ skill to translate a portion of their no cost adoption into reliable organization benefits. We see considerable worldwide desire in Grafana Labs’ products and solutions and look forward to leveraging GIC’s network to support the company’s world growth ambitions and travel further relationships in APAC about the lengthy phrase,” Choo Yong Cheen mentioned.

Grafana Labs mentioned all over the world adoption of Grafana has increased by a issue of 25 in the past 6 decades to its present-day 900,000 active installations and 10 million world customers. Grafana Labs’ have 2,000-in addition commercial prospects include things like Bloomberg, JP Morgan Chase, Sony and eBay.

Stacee R. Grigg

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