Grafana Labs raises $270M | TechCrunch

Here’s a structured overview based on the provided information about Grafana Labs:

Overview of Grafana Labs Funding

• Startup: Grafana Labs
• CEO & Co-founder: Raj Dutt
• Co-founder: Torkel Ödegaard

Funding Details

• Current Fundraise: $270 million
• Previous Fundraise: $240 million (Series D)
• Funding Series: Series D (extension)
• Date of Current Fundraising Announcement: [Date not specified, refer to original source for exact date]

Investors

• Lead Investor: Lightspeed Venture Partners
• Other Investors: Existing institutional investors (not specifically listed)

Company Valuation

• Current Valuation: Over $6 billion
• Previous Valuation: $3 billion (in 2021)

Key Metrics

• Annual Recurring Revenue: Over $250 million
• Paying Customers: More than 5,000 (up from 2,000 in 2022)
• Users Worldwide: 20 million

Comments

• Raj Dutt’s Quote: Emphasized the transition from a side project to a sustainable business.
• Gaurav Gupta’s Quote: Highlighted confidence in Grafana’s strategy and its impact on the open source landscape.

This summary provides the main points regarding the funding, investors, and developments related to Grafana Labs.

Source link

2024-08-21 13:00:00