Grafana Labs, a leader in IT infrastructure monitoring, has secured $270 million in funding, bringing its valuation to over $6 billion. This investment round, led by Lightspeed Venture Partners and supported by existing backers such as GIC, Sequoia Capital, and J.P. Morgan, also saw new participation from CapitalG. The new funding comes shortly after a $240 million Series D round and will be used to accelerate product development and pursue strategic acquisitions. Grafana’s open-source platform, Grafana Cloud, is widely utilized for visualizing and analyzing telemetry and operational data from IT infrastructure, aiding administrators in detecting and addressing technical issues efficiently.
The company has experienced rapid growth, expanding its paying customer base to over 5,000 companies, including major enterprises like Dell Technologies and Microsoft. Grafana’s recent innovations include Adaptive Metrics, an AI-driven feature to optimize cloud costs, and the acquisition of Asserts.ai to enhance its Application Observability tools. With over 20 million global users, Grafana Labs remains committed to advancing its platform capabilities and maintaining its position as a prominent player in the observability industry.
