May 26, 2022

Grafana Labs, the company behind the popular visualization tool Grafana (and other open source projects like the Prometheus monitoring system), announced today that it has raised a $240 million Series D round. The round was led by Singaporean sovereign wealth fund GIC, which included new investor JP Morgan and existing investors Sequoia Capital, Cotue, Lightspeed Venture Partners and Lead Edge Capital.

With this, the company has raised a total of $540 million, including $220 million in Series C last August. The company didn’t share a new valuation this time around, but when it upgraded its Series C, Grafana said the valuation was $3 billion at the time.

The company says there are currently over 900,000 active Grafana installations with 10 million users worldwide. Usage of the service has increased 25 times over the past six years, and its current paying customers include Bloomberg, JPMorgan Chase, eBay, PayPal, and Sony.

While Grafana is perhaps best known for its open source visualization tools and dashboards, it now also offers tools like Loki for logging, Tempo for tracking, and Mimir for metrics, the most recent product launches.

“Grafana” Labs provides a well-known and accepted observability stack. when evaluating Grafana We have been able to attract labs as an investment opportunity through our relationships as well as detailed analysis of the broader market, supplier landscape and customer feedback. It is clear that clients and potential clients see both short-term and long-term success in working with Grafana We are excited to make this possible with Labs and our investment. Grafana Laboratories continue to grow and scale,” said Elena Zislin, managing director of JP Morgan.

Like similar open source companies, Grafana monetizes its tools by offering a range of fully managed subscription services, as well as a self-managed enterprise stack (and a free plan to get users started).

“Our plans are simple: we aggressively pursue our product roadmap and our commitment to reach the big top, enabling our users to synthesize and visualize data from any source as we work with statistics, logging, continuing to build modern surveillance capabilities for tracking and more. ,” said Grafana Raj Dutt, CEO and co-founder of Labs. “We are committed to continually releasing high impact open source software by bringing many new features to market and constantly listening to the community and our customers to innovate.”

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