Grafana Labs Reaches $3 Billion Valuation With Series C Round
Palo Alto – September 2, 2021 – Cooley advised Grafana Labs, the company behind the world’s most ubiquitous open and composable operational dashboards, on its $220 million Series C financing round, which brings its valuation to $3 billion. Lawyers Kevin Rooney and Mary Wilbourn led the Cooley team advising Grafana Labs.
New investors Sequoia Capital and Coatue co-led the round, which included participation from existing investors Lightspeed Venture Partners, Lead Edge Capital and GIC. Grafana Labs will use the new capital to focus on accelerating the development of its open source observability platform, as well as supporting the success of its community and customers.
“It’s been an incredible year at Grafana Labs, highlighted by the rapid adoption of Grafana Cloud, the growth of our Loki logs and Prometheus metrics offerings, the introduction of Tempo 1.0 for tracing and the continued development of the Grafana frontend,” Raj Dutt, co-founder and chief executive officer of Grafana Labs, said in a news release.
Grafana Labs provides an open and composable monitoring and observability stack built around Grafana, an open source technology for dashboards and visualization. It helps companies manage their observability strategies with full-stack offerings that can be fully managed with Grafana Cloud or self-managed with Grafana Enterprise Stack, both of which feature extensive enterprise data source plug-ins, dashboard management, alerting, reporting and security, scalable metrics, logs and tracing.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 1,300 lawyers across 17 offices in the United States, Asia and Europe.
This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.