Over the last ten years, Grafana Labs has emerged as a pivotal player in the observability space, transforming how organizations monitor and analyze their data. The company has become the de facto platform for enterprises seeking robust, flexible, and open-source observability solutions.
Since our initial Series A investment in 2019, Grafana Labs has rapidly surpassed $250M ARR with over 20M users and 5K customers, yet its mission remains: empower organizations to monitor and analyze data seamlessly through a viral open source community and “big tent” product approach that emphasizes interoperability and flexibility. Grafana Labs’ solutions save enterprises substantial time and resources by providing a comprehensive observability platform that scales with their needs. Today, we are thrilled to announce that Lightspeed is leading Grafana Labs’ Series D extension and welcoming our friends CapitalG as new investors.
Under the leadership of co-founder and CEO Raj Dutt, Grafana Labs has evolved from a bootstrapped startup to an industry leader with a global footprint of 1,300 employees across 40+ countries. The company remains active with its open source projects, ranging from Grafana, Loki, Tempo, Mimir, amongst others, collectively garnering more than 120,000 GitHub stars as well contributions to the OpenTelemetry and Prometheus communities. Grafana dashboards are now integral to 84% of Fortune 100 companies, highlighting their crucial role in the infrastructure landscape. Recently, Grafana Labs was named a Leader in Gartner’s Magic Quadrant for Observability Platforms, recognizing the strengths of Grafana Cloud, a fully managed, open and composable observability platform. Grafana not only meets industry demands but sets the standard for data observability.
At Lightspeed, we continue to be active throughout the lifecycle of our companies. We’ve led the company’s Series A and B rounds, significantly participated in the Series C and D, and are excited to lead the series D extension. We are committed to backing visionary founders with ambitious ideas, and Grafana exemplifies that kind of team.
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