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Grafana Labs raises USD 270 million in Series D extension to accelerate product development
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Aug 21, 2024
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Grafana Labs raises USD 270 million in Series D extension to accelerate product development

Industry news
Funding

  • Grafana Labs, an open-source data visualization and analytics platform, has completed a USD 270 million primary and secondary transaction, extending its Series D financing at a valuation of over USD 6 billion. The round was led by existing investor Lightspeed Venture Partners, with participation from all existing institutional investors and new investor CapitalG.

  • The company plans to use the new capital to accelerate product development, strengthen its market leadership, and strategically pursue future M&A opportunities.

  • Currently, Grafana Labs serves 5,000+ paying customers and has surpassed USD 250 million in annual recurring revenue (ARR). Furthermore, it was named a Leader in the Gartner Magic Quadrant for Observability Platforms and ranked 23 on the Forbes 2024 Cloud 100 list.

  • Analyst QuickTake: This is Grafana’s third funding round of over USD 200 million raised, following its Series C round in August 2021 and Series D round in April 2022. Over the past year, the company has enhanced and expanded its offerings through new launches and M&As, validating the recent accolades. Notable developments include the introduction of Kubernetes support , the acquisition of Asserts.AI, and the launch of the AWS Observability app in Grafana Cloud.

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