Grafana Labs nabs $24M Series A for open source-based data analytics stack
Grafana Labs, the commercial company built to support the open source Grafana project, announced a healthy $24 million Series A investment today. Lightspeed Venture Partners led the round with participation from Lead Edge Capital.
Company CEO and co-founder Raj Dutt, says the startup started life as a way to offer a commercial layer on top of the open source Grafana tool, but it has expanded and now supports other projects including Loki, an open source monitoring tool, not unlike Prometheus, that the company developed last year.
All of this in the service of connecting to data sources and monitoring data. “Grafana has always been about connecting data together no matter where it lives, whether it’s in a proprietary database, on prem database or cloud database. There are over 42 data sources that Grafana connects together,” Dutt explained.
But the company has expanded far beyond that. As it describes the product set, “Our products have begun to evolve to unify into a single offering: the worlds first composable open-source observability platform for metrics, logs and traces. Centered around Grafana.” This is exactly where other monitoring and logging tools like Elastic, New Relic and Splunk have been heading this year. The term