Grafana Labs, an NYC-based provider of open and composable operational dashboards, raised $220 million in Series C funding.
The round valued the company at $3 billion, was co-led by new investors Sequoia Capital and Coatue, with participation from existing investors Lightspeed Venture Partners, Lead Edge Capital, and GIC.
The company intends to use the funds to accelerate product development and expand its business reach.
Company: Raintank Inc.
Round: Series C
Funding Month: August 2021
Lead Investors: Sequoia Capital and Coatue
Additional Investors: Lightspeed Venture Partners, Lead Edge Capital, and GIC
Company Website: http://grafana.com/
Software Category: Analytics and visualization platform
About the Company: Led by Raj Dutt, co-founder, and CEO, Grafana Labs provides open and composable monitoring and observability stack built around Grafana, an open-source technology for dashboards and visualization. It helps companies manage their observability strategies with full-stack offerings that can be run fully managed with Grafana Cloud or self-managed with Grafana Enterprise Stack, both featuring extensive enterprise data source plugins, dashboard management, alerting, reporting and security, scalable metrics (Prometheus & Graphite), logs (Grafana Loki) and tracing (Grafana Tempo).