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Grafana Labs , the open reference company that probably powers at least a few functional dashboards in your ship’s company , today annunciate the closing of a main and secondary dealing worth about $ 270 million , with the proceeds run to the troupe and some of its stockholders . The company describes this as an university extension toits $ 240 million Series D roundin 2022 . The extension phone was led by existing investor Lightspeed Venture Partners , with involution from its survive institutional investor .
The company is now valued at over $ 6 billion , up from $ 3 billion in 2021 .
In plus to this new funding issue , Grafana also announce that it has now moved past $ 250 million in annual recurring revenue and has more than 5,000 paying customers , up from 2,000 in 2022 .
“ We ’ve accomplished so much in the almost 10 years since Grafana Labs was plant . The open root side project my co - father Torkel Ödegaard created now has 20 million user worldwide and has become the foot of a sustainable occupation and market drawing card in observability , ” tell Grafana Labs CEO and co - founder Raj Dutt . “ Beyond the impressive numbers racket , what I ’m most gallant of is that we have stayed true to our roots , while diversify our revenue sources . We believe with the veracious strategy , capable source will win and we ’re just getting started . ”
While Grafana offer the ability to visualize all kinds of information , Grafana Labs is square focused on aid enterprises visualise and analyze data from their various infrastructure services , either as a hosted service through Grafana Cloud or ego - hosted through Grafana Enterprise . Its products these day also include decipher systems for tracking app performance , user monitoring and incident answer and management tooling .
“ When Lightspeed first invested in Grafana Labs ’ Series A in 2019 , we were confident in the caller ’s strategy , ” said Gaurav Gupta , partner at Lightspeed Venture Partners . “ We knew that open source companies were rewrite the story , transition from merely free alternatives to releasing engineering science that rivals or surpass proprietary solutions . Grafana instance this break — there ’s nothing that compares to their capabilities in operational dashboarding . They ’ve been on a bout releasing so many unexampled products and construct what distinctly is the strongest open source observability weapons platform in the market place . ”
