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

Grafana Labs, the rapid-escalating developer of the open-supply Grafana info observability, visualization and dashboard software program, has raised $240 million in a Sequence D round of funding, the corporation reported Wednesday.

The newest financing arrives just 7 months right after the enterprise raised $220 million in a Series C funding round in August.

The most recent round was led by current trader GIC with participation from new trader J.P. Morgan. All other current traders also participated in the round such as Sequoia Cash, Coatue, Lightspeed Venture Companions and Direct Edge Funds.

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Grafana Labs, dependent in New York, develops the open-source Grafana software for data analytics and visualization that has a lot more than 900,000 lively installations. Grafana Labs also utilizes the Grafana technologies to acquire its commercial organization solutions, like the Grafana data observability platform for accumulating and analyzing metric, log and trace facts produced by IT infrastructure, networks, cybersecurity equipment and other programs.

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

“Our plans are basic: Aggressively produce on our merchandise roadmap and our determination to embracing the big tent — enabling our consumers to compose and visualize facts from any source — although continuing to build out present day observability capabilities throughout metrics, logs, tracing, and a lot more,” explained Grafana Labs CEO and co-founder Raj Dutt reported in a assertion saying the funding.

“We are dedicated to the continual launch of impactful open up-source program, bringing several new capabilities to marketplace, and continually listening to the neighborhood and our consumers to travel innovation,” Dutt stated.

GIC, Singapore’s sovereign wealth fund, created its first financial investment in Grafana Labs in the company’s $50 million Collection B funding spherical in August 2020.

“Grafana Labs is a solid, products-led organization that has constructed a committed client base and has substantial adoption,” stated Choo Yong Cheen, GIC’s chief expense officer for private equity, in a assertion.

“We are enthusiastic to guide the round, notably as we’ve witnessed Grafana Labs’ skill to translate a portion of their absolutely free adoption into steady company effects. We see important world-wide desire in Grafana Labs’ solutions and glance ahead to leveraging GIC’s network to aid the company’s global development ambitions and drive deeper associations in APAC around the prolonged time period,” Choo Yong Cheen reported.

Grafana Labs stated globally adoption of Grafana has increased by a issue of 25 in the last 6 yrs to its existing 900,000 lively installations and 10 million world people. Grafana Labs’ very own 2,000-in addition commercial prospects contain Bloomberg, JP Morgan Chase, Sony and eBay.