Open-Source Software Developer Grafana Labs Scores $240 Million In Funding Round

Grafana Labs, the fast-expanding developer of the open up-resource Grafana data observability, visualization and dashboard software program, has elevated $240 million in a Sequence D spherical of funding, the organization mentioned Wednesday.

The most current financing will come just 7 months right after the firm raised $220 million in a Series C funding round in August.

The most up-to-date round was led by existing trader GIC with participation from new trader J.P. Morgan. All other present buyers also participated in the round including Sequoia Funds, Coatue, Lightspeed Venture Associates and Lead Edge Cash.

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Grafana Labs, dependent in New York, develops the open up-supply Grafana program for details analytics and visualization that has additional than 900,000 active installations. Grafana Labs also takes advantage of the Grafana technological know-how to produce its professional organization merchandise, such as the Grafana info observability platform for amassing and examining metric, log and trace knowledge created by IT infrastructure, networks, cybersecurity equipment and other systems.

In November Grafana Labs struck a strategic partnership with Microsoft to build a Grafana managed services that runs on the Azure cloud system.

“Our strategies are uncomplicated: Aggressively provide on our merchandise roadmap and our commitment to embracing the big tent — enabling our customers to compose and visualize data from any resource — while continuing to make out present day observability capabilities across metrics, logs, tracing, and much more,” claimed Grafana Labs CEO and co-founder Raj Dutt said in a statement asserting the funding.

“We are dedicated to the continuous release of impactful open up-resource application, bringing quite a few new abilities to current market, and consistently listening to the group and our prospects to travel innovation,” Dutt said.

GIC, Singapore’s sovereign wealth fund, manufactured its initial financial commitment in Grafana Labs in the company’s $50 million Sequence B financing spherical in August 2020.

“Grafana Labs is a strong, products-led company that has designed a fully commited purchaser base and has substantial adoption,” explained Choo Yong Cheen, GIC’s main investment decision officer for private equity, in a statement.

“We are enthusiastic to lead the round, significantly as we’ve witnessed Grafana Labs’ capability to translate a portion of their totally free adoption into dependable business enterprise benefits. We see major global fascination in Grafana Labs’ products and solutions and glimpse ahead to leveraging GIC’s community to assistance the company’s world wide development ambitions and push deeper interactions in APAC more than the lengthy term,” Choo Yong Cheen said.

Grafana Labs reported around the globe adoption of Grafana has elevated by a factor of 25 in the last 6 decades to its latest 900,000 active installations and 10 million international buyers. Grafana Labs’ own 2,000-plus business consumers include Bloomberg, JP Morgan Chase, Sony and eBay.