Cribl Raises $319 Million at a $3.5 Billion Valuation

Cribl is a data infrastructure startup that provides solutions that break down the silos of data storage and access, enabling enterprises to freely move, process, and utilize their data without being constrained by its location or the platform it resides on.

Cribl has raised $200 million in capital alongside a $119 million secondary offering, increasing the company’s valuation to $3.5 billion. The Series E round was led by GV (Google Ventures), joined by new investor CapitalG along with participation from existing investors GIC, IVP, and CRV. In total, Cribl has raised $600 million to date.

Cribl, San Francisco, California, United States, was founded in 2018 by Clint Sharp, Dritan Bitincka, and Ledion Bitincka. In 2021, the company joined the unicorn club. "As practitioners who worked in this space for years, my co-founders and I know firsthand the challenges facing IT and Security as data grows exponentially. What worked over the last ten years simply cannot keep up with the needs of businesses today, let alone over the next ten years," said Clint Sharp, co-founder and CEO of Cribl. "We started Cribl to solve these real problems for real users. Today's funding proves the value in that approach. It's an incredible milestone, but only a step in our journey to create a generational company that will continue to evolve to meet our customers' needs."