Cribl's astronomical rise with 319 million in new funding and a secret to its success

On August 27, 2024, Cribl, a data infrastructure company based in San Francisco, raised $319 million in a Series E funding round led by GV, achieving a valuation of $3.5 billion. This funding included $200 million in capital and a $119 million secondary offering, following their $150 million Series D round in 2022, which valued the company at nearly $2.6 billion. Investors in the new round included GIC, CapitalG, IVP, and CRV. Cribl provides observability into data, helping users manage data health for IT and security purposes. In the previous year, Cribl exceeded $100 million in annual recurring revenue and employs over 700 people globally. As data volumes increase, organizations encounter difficulties in data collection and organization, which Cribl’s platform aims to resolve. Since its founding in 2018, Cribl has raised over $600 million.

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