Grafana Labs announces $240 million investment round

Grafana Labs has announced a $240 million Series D round of investment led by GIC, with participation from new investor J.P. Morgan.

With this round of investment, Grafana Labs plans to aggressively deliver on its product roadmap and its commitment to embracing "the big tent"—enabling users to compose and visualize data from any source—while continuing to build out modern observability capabilities across metrics, logs, tracing, and more, said Grafana Labs CEO and co-founder Raj Dutt. “We are committed to the continual release of impactful open source software, bringing many new capabilities to market, and constantly listening to the community and our customers to drive innovation.”

According to the company, worldwide adoption of Grafana has increased 25x in the past 6 years, and today there are more than 900,000 active installations and 10 million global users. Grafana Labs has also launched a full slate of open source observability projects, including Grafana Loki (for logging), Grafana Tempo (for traces), and most recently, Grafana Mimir (for metrics).

Grafana says Mimir represents an ongoing investment and commitment to deliver the world’s most highly performant, horizontally scaling time series database back end. Mimir has already been tested and hardened in production to support more than 1 billion active series. At the heart of the Grafana observability stack are the dashboards that are interoperable with any number of disparate data sources, enabling users of the Grafana platform to visualize anything they want and control their own observability strategy.

GIC, Singapore’s sovereign wealth fund, made its initial investment in Grafana Labs’ Series B round in 2020. “Grafana Labs is a strong, product-led company that has built a committed customer base and has significant adoption,” said Choo Yong Cheen, GIC’s chief investment officer for private equity. “We are enthusiastic to lead the round, particularly as we’ve witnessed Grafana Labs’ ability to translate a portion of their free adoption into consistent business results. We see significant global interest in Grafana Labs’ products and look forward to leveraging GIC’s network to support the company’s global growth ambitions and drive deeper relationships in APAC over the long term.”

This round also marks the addition of J.P. Morgan as an investor. All other existing investors—Sequoia Capital, Coatue, Lightspeed Venture Partners, and Lead Edge Capital—participated in this round, just 7 months after the company’s Series C, according to Grafana.

For more information, go to www.grafana.com.