Based in San Francisco nursery Raised $319 million in Series E led by recent investor GV and valued the data infrastructure company at $3.5 billion.
The recent round is actually a combination of $200 million in equity and $119 million in secondary offering, based on BloombergThe raise represents a significant boost for the company, which recently raised $150 million in Series D funding led by Tiger Global Management at a valuation of just about $2.6 billion in 2022.
Also collaborating in the recent round: GIC, Capital G, IVP AND CRV.
Data management
Cribl’s platform enables users to see their data, allowing them to know the state of their data and organize it for IT and security teams. Just last 12 months, Cribl announced that it had passed Annual recurring revenue exceeds $100 millionThe company employs over 700 people worldwide.
While the explosion of information has given firms the potential to deeply understand their businesses, the strategy of actually collecting, verifying, and organizing that data has proven difficult and time-consuming. That’s exactly the problem that platforms like Cribl are attempting to fix.
“Every company needs to modernize its data stack as legacy systems can no longer handle today’s rapid data growth, and the advent of artificial intelligence is further accelerating the need for a modern data platform,” he said. Michael McBridegeneral partner of GV and member of the board of Cribl, in release“Cribl’s rapid growth has been driven by the consistent and strong results its customers have experienced.
Founded in 2018, Cribl says it has raised over $600 million.