Grafana Labs Raises $270 Million at $6 Billion Valuation

Grafana Labs is a leading open-source software company that allows businesses to monitor their applications, servers, cloud infrastructure, and other services in real time, combining these insights into customizable, interactive dashboards. 

Grafana Labs has raised about $270 million in an extension to its $240 Series D round in 2022. The extension was led by existing investor Lightspeed Venture Partners with participation from GIC, Sequoia Capital, Coatue, Lead Edge Capital, J.P. Morgan, and K5 Global. In addition, CapitalG joined the round as a new investor.

Grafana Labs, New York, New York, United States, was founded in 2014 by Anthony Woods, Raj Dutt, and Torkel Ödegaard. In 2021, the company joined the unicorn club. “We’ve accomplished so much in the almost 10 years since Grafana Labs was established. The open source side project my co-founder Torkel Ödegaard created now has 20 million users worldwide and has become the foundation of a sustainable business and market leader in observability,” said Grafana Labs CEO and co-founder Raj Dutt. “Beyond the impressive numbers, what I’m most proud of is that we have stayed true to our roots, while diversifying our revenue sources. We believe with the right strategy, open source will win and we’re just getting started.”