Grafana Labs Closes $240 Million Series D
Palo Alto – April 7, 2022 – Cooley advised Grafana Labs, the company behind the world’s most ubiquitous open and composable operational dashboards, on the closing of its $240 million Series D funding round. Lawyers Kevin Rooney, Mary Wilbourn, Rachel Lydon and Will Siroky led the Cooley team advising Grafana Labs.
The funding round was led by GIC, Singapore’s sovereign wealth fund, with participation from new investor JP Morgan, as well as existing investors Sequoia Capital, Coatue, Lightspeed Venture Partners and Lead Edge Capital.
“Our plans are simple: aggressively deliver on our product roadmap and our commitment to embracing the big tent – enabling our users to compose and visualize data from any source – while continuing to build out modern observability capabilities across metrics, logs, tracing and more,” Raj Dutt, co-founder and CEO of Grafana Labs, said in a press release.
Cooley previously advised Grafana Labs on its Series C funding round, which brought the company’s valuation to $3 billion.
Grafana Labs provides an open and composable monitoring and observability stack built around Grafana, a leading 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 plugins, dashboard management, alerting, reporting and security, scalable metrics, logs, and tracing. There are more than 2,000 Grafana Labs customers and 900,000+ active installations of Grafana around the globe.
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