Grafana Labs, the company behind the popular Grafana visualization tools (and other open-source projects like the Prometheus monitoring system), today announced that it has raised a $240 million Series D round. The round was led by GIC, Singapore’s sovereign wealth fund, with participation from new investor J.P. Morgan and existing investors Sequoia Capital, Coatue, Lightspeed Venture Partners and Lead Edge Capital.
With this, the company has now raised a total of $540 million, including its $220 million Series C last August. The company didn’t share a new valuation this time around, but when it raised its Series C, Grafana said its valuation at the time was $3 billion.
The company says there are now over 900,000 active Grafana installations with 10 million global users. Adoption of the service increased by 25x over the course of the last six years and its over 2,000 paying customers now include the likes of Bloomberg, JP