Grafana Labs, a NYC-based company renowned for its open and composable operational dashboards, has successfully completed a $270 million primary and secondary funding round. The round, an extension of its Series D financing, values the company at over $6 billion.
Strategic Funding Details
The investment was led by existing investor Lightspeed Venture Partners, with continued participation from GIC, Sequoia Capital, Coatue, Lead Edge Capital, J.P. Morgan, and K5 Global. Additionally, CapitalG, Alphabet’s independent growth fund, joined as a new investor.
Future Growth Plans
Grafana Labs plans to utilize the funds to accelerate its product development efforts, strengthen its market leadership, and strategically pursue future M&A opportunities.
Raj Dutt, CEO of Grafana Labs, leads the company in providing an open and composable observability stack centered around Grafana, the widely used open-source technology for dashboards and visualization. Grafana serves over 5,000 customers globally, including major enterprises like Bloomberg, Citigroup, Dell Technologies, Salesforce, and TomTom, with over 20 million users worldwide.
Grafana’s observability stack, known as the LGTM Stack, includes scalable solutions for metrics (Grafana Mimir), logs (Grafana Loki), and traces (Grafana Tempo). It also offers enterprise data source plugins, dashboard management, alerting, reporting, and security. The company’s fully managed Grafana Cloud service enables organizations to streamline observability across Kubernetes and infrastructure monitoring, incident response management, load testing, application observability, and more.
