June 29, 2022

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Technology Forever

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

Grafana Labs, the fast-growing developer of the open-source Grafana information observability, visualization and dashboard software package, has elevated $240 million in a Collection D spherical of funding, the enterprise said Wednesday.

The most recent financing comes just 7 months just after the corporation elevated $220 million in a Sequence C funding round in August.

The most recent round was led by existing trader GIC with participation from new trader J.P. Morgan. All other existing investors also participated in the spherical such as Sequoia Money, Coatue, Lightspeed Undertaking Companions and Guide Edge Capital.

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

Grafana Labs, based in New York, develops the open up-resource Grafana computer software for details analytics and visualization that has much more than 900,000 lively installations. Grafana Labs also makes use of the Grafana technology to establish its commercial enterprise items, which include the Grafana data observability platform for collecting and examining metric, log and trace information generated by IT infrastructure, networks, cybersecurity resources and other units.

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

“Our options are simple: Aggressively produce on our products roadmap and our motivation to embracing the big tent — enabling our people to compose and visualize information from any supply — although continuing to establish out modern-day observability abilities across metrics, logs, tracing, and additional,” stated Grafana Labs CEO and co-founder Raj Dutt stated in a assertion saying the funding.

“We are dedicated to the continual launch of impactful open up-resource application, bringing quite a few new abilities to marketplace, and constantly listening to the group and our clients to drive innovation,” Dutt claimed.

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 robust, product-led organization that has constructed a fully commited shopper foundation and has important adoption,” stated Choo Yong Cheen, GIC’s chief expenditure officer for private fairness, in a assertion.

“We are enthusiastic to direct the round, significantly as we’ve witnessed Grafana Labs’ capability to translate a portion of their free adoption into steady business outcomes. We see sizeable international desire in Grafana Labs’ items and search ahead to leveraging GIC’s community to aid the company’s international progress ambitions and travel deeper associations in APAC around the extensive time period,” Choo Yong Cheen stated.

Grafana Labs said around the globe adoption of Grafana has increased by a element of 25 in the very last 6 decades to its latest 900,000 energetic installations and 10 million worldwide buyers. Grafana Labs’ possess 2,000-in addition commercial clients involve Bloomberg, JP Morgan Chase, Sony and eBay.