Grafana Labs Raises $220M to Accelerate Global Adoption and Development of Open Source Visualization and Observability Platform
Summary
The new investment values Grafana Labs at $3 billion (for crypto fans, that’s more than 60,500 BTC as of August 23 at 22:00 UTC), more than ten times the valuation of the Series A round just two years ago. “This new investment of capital, as well as the addition of two highly experienced technology executives to our board, will focus us on accelerating product development to support our community’s and customers success.” “In just a few years, Grafana Labs has grown from a single open source project into a comprehensive platform that is widely used across the Fortune 500 and Forbes Global 2000, helping companies make better decisions based on actionable data,” said Eschenbach. “I see a lot of similarities between the growth at Grafana Labs and the early years at VMware: focusing on solving problems for developers, and scaling those solutions across the enterprise. As part of its mission to deliver value to enterprise customers, as well as to the open source community, Grafana Labs recently announced the acquisitions of k6 for modern load testing and . “At ServiceNow, I was able to witness first-hand how difficult it is to build an effective observability system that can provide teams with a single view across the organization,” said Schneider.
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