Grafana Labs Receives $24 Million in Latest Funding Round

Grafana Labs, the company behind open source projects including Grafana and Loki, is recieving $24 million in Series A funding, which will be used to further invest in the open source community and accelerate the creation of an open and composable observability platform.

The round was led by Lightspeed Venture Partners, with participation from Lead Edge Capital. The company also announced new executive appointments including Douglas Hanna, chief operating officer, Dave Kranowitz, vice president of global sales, and Ryan McKinley, vice president of applications.

“Building on our community momentum, we’ll be pushing the boundaries further with an open and composable observability platform heading into 2020. This is an industry first that uses Grafana to bring together logs, metrics and traces in a single, curated experience, enabling the deepest understanding of application behavior,” said Torkel Ödegaard, co-founder of Grafana Labs and creator of the Grafana project.

Douglas Hanna joins Grafana Labs as COO after most recently serving as VP, Operations at Zendesk. At Grafana Labs, he will be responsible for all go-to-market functions and internal operations.

Dave Kranowitz joins Grafana Labs as VP, Global Sales after spending the last ten years leading sales teams at Turbonomic and Dynatrace.

Ryan McKinley, the leading community contributor to Grafana, joins Grafana Labs as VP of applications, responsible for helping the community build solutions with Grafana that go beyond its traditional IT use cases.

Grafana helps teams understand and unify their disparate data, no matter where it lives or what kind of database it’s stored in.

This flexibility allows users to choose their preferred technologies and compose a perfect observability platform for their needs.

Grafana Labs helps customers get the most out of open source Grafana, providing the best possible experience while avoiding vendor lock in and the spiraling costs of closed solutions.

Grafana Labs has become the center of a vibrant global community with millions of end users and thousands of developers.

In addition to Grafana, the company has gone on to launch multiple successful open source projects, including Loki and Metrictank, and helps drive other significant projects, including Prometheus, Cortex and Graphite.

Grafana Labs offers Grafana Enterprise, with key features and support for large organizations, and Grafana Cloud, a fully managed open and composable observability platform.

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