Grafana Labs secured $50 Million and launches Grafana Accelerator Program for Startups

Grafana Labs, a New York-based provider of open-source software for monitoring and metric analytics and visualization, has now secured $50 million in the Series B funding round.

Grafana Labs is founded by the Raj Dutt. It supports the organizations in monitoring, observability, and visualization goals with the help of an open and composable platform built around Grafana, the open-source software for beautiful monitoring and metric analytics and visualization.

Grafana Labs also announced the Grafana Accelerator Program (GAP). It will help startups working in Grafana ecosystems and offer free Grafana Cloud and Grafana Enterprise subscriptions. The cash grants, equity financing, and inside access to the core Grafana Labs developers will be also offered.

Raj Dutt, co-founder, and CEO of Grafana Labs said, "Grafana Labs’ growth is a testament to one of our core missions of helping people unify and understand their data wherever it lives, giving them complete freedom in choosing their own observability strategy. This allows users to query data natively at its source in real-time, rather than having to move, store, and pay for data in yet another database. Their existing data can be combined with Prometheus metrics and Loki logs, and available on Grafana Cloud, giving them a truly complete understanding of their complex systems."

Gaurav Gupta, a partner at Lightspeed Venture Partners, said, "Users continue to love Grafana Labs’ products because they are easy to adopt, simple to build with and offer best-in-class features. Most importantly, Grafana’s open-source approach doesn’t lock customers into expensive and proprietary platforms. Using Grafana has become a no-brainer decision for both early adopters and large enterprises, and this new round of funding enables the company to double down on both product and community. I’m also excited about GAP (Grafana Accelerator Program), which reduces the hurdles for Grafana’s diverse ecosystem to innovate on top of its technology."

The round was backed by the Lightspeed Venture Partners, with participation from the Lead Edge Capital.

The company, as of now, has plans to use the new funds to accelerate and scale its product roadmap in key areas across its open and composable observability platform.

PC: Pablo, Pixabay