Grafana Labs Bags $50M Round
August 24, 2020
Labs has raised $50 million in a Series B funding round, which will be
used to aggressively accelerate its product roadmap in key areas across
its leading open and composable observability platform — where customers
can mix and match best-of-breed open and proprietary data sources — and
nurture and invest in the wider Grafana community.
Led by Lightspeed Venture Partners, the oversubscribed round also
included additional investment from Lead Edge Capital. Both are existing
investors that participated in the company’s first institutional
financing in October 2019.
Since then, the company has seen significant adoption of leading open
source technologies, including its Loki project for logging, the CNCF
Prometheus project for metrics, and Grafana itself. Grafana has become
the de facto dashboarding software, enabling everyone from hobbyists to
the world’s largest enterprises to unify data from disparate sources.
Over the last year, the company has also scaled up its sales and
marketing teams, and has grown to over 170 employees in 20 countries.
Grafana Labs is also announcing the Grafana Accelerator Program (GAP) to
nurture early stage companies and side projects that are innovating in
the wider Grafana ecosystem. GAP will provide free Grafana Cloud and
Grafana Enterprise subscriptions, cash grants, equity financing, and
inside access to the core Grafana Labs developers. Learn more here.
Labs’ growth is a testament to one of our core missions of helping
people unify and understand their data wherever it lives, giving them
complete freedom in choosing their own observability strategy. This
allows users to query data natively at its source in real time, rather
than having to move, store and pay for data in yet another database.
Their existing data can be combined with Prometheus metrics and Loki
logs, and available on Grafana Cloud, giving them a truly complete
understanding of their complex systems,” said Raj Dutt, co-founder and
CEO of Grafana Labs.
“Users continue to love Grafana Labs’ products because they are easy to
adopt, simple to build with, and offer best-in-class features. Most
importantly, Grafana’s open source approach doesn’t lock customers into
expensive and proprietary platforms. Using Grafana has become a
no-brainer decision for both early adopters and large enterprises, and
this new round of funding enables the company to double down on both
product and community. I’m also excited about GAP (Grafana Accelerator
Program), which reduces the hurdles for Grafana’s diverse ecosystem to
innovate on top of its technology,” said Gaurav Gupta, partner at
Lightspeed Venture Partners.