Data Engine for IT & Security Cribl Raised $319 Million in Series E Funding Round at $3.5 Billion Valuation, Raised $600 Million Since Founding in 2018 with Valuation Increasing +40% from Series D Funding Round in 2022, Investors Include Google Ventures, GitLab CRO Michael McBride, Singapore GIC, CapitalG, IVP & CRV, Cribl Founded in 2018 by CEO Clint Sharp, Chief Product Officer Dritan Bitincka & CTO Ledion Bitincka
30th August 2024 | Hong Kong
Data engine for IT & security Cribl has raised $319 million in Series E funding round at $3.5 billion valuation, and has raised a total of $600 million since founding in 2018 with valuation increasing +40% from Series D funding round in 2022. Investors in Cribl include Google Ventures, GitLab CRO Michael McBride, Singapore GIC, CapitalG, IVP & CRV. Cribl was founded in 2018 by CEO Clint Sharp, Chief Product Officer Dritan Bitincka & CTO Ledion Bitincka. Cribl (27/8/24): “Cribl, the Data Engine for IT and Security, today announced it has closed a $319 million oversubscribed Series E round, comprised of a combined primary and secondary transaction, bringing the company’s total capital secured to over $600 million and increasing its valuation to $3.5 billion, up 40% since the company’s Series D round in 2022. The round was led by new investor GV (Google Ventures), marking one of the firm’s largest-ever investments. The investment was led by GV General Partner and former GitLab CRO Michael McBride, who joined Cribl’s Board of Directors. GIC, CapitalG, IVP, and CRV also participated in the round. This funding comes on the heels of Cribl surpassing $100 million in annual recurring revenue (ARR) in less than four years, becoming the fourth-fastest infrastructure company to reach centaur status in October 2023. As enterprise data grows at a 28% CAGR, far outpacing IT budget growth, legacy vendors and point solutions make it challenging for customers to keep up with the volume, variety, and value of data. Cribl’s vendor-agnostic solutions empower customers to analyze, collect, process, and route all IT and security data to unlock its value. Since its inception in 2018, Cribl has seen unparalleled growth as enterprises around the world rapidly adopt the Data Engine for IT and Security to transform their data strategies.”
“ Data Engine for IT & Security Cribl Raised $319 Million in Series E Funding Round at $3.5 Billion Valuation, Raised $600 Million Since Founding in 2018 with Valuation Increasing +40% from Series D Funding Round in 2022, Investors Include Google Ventures, GitLab CRO Michael McBride, Singapore GIC, CapitalG, IVP & CRV, Cribl Founded in 2018 by CEO Clint Sharp, Chief Product Officer Dritan Bitincka & CTO Ledion Bitincka “
Cribl – Cribl is the Data Engine for IT and Security. Our mission is to empower enterprises to unlock the value of all their data. We built our data processing engine specifically for IT and Security and made sure our Cribl product suite is vendor-agnostic. Our data engine is the heart of a potent data management solution that collects data from any source, processes billions of events per second, automatically routes data to optimize storage, and analyzes any data, any time, anywhere. With Cribl, IT and Security teams have choice, control, and flexibility to adapt to data needs that are always changing. Fortune 1000 companies around the world depend on Cribl’s innovative and proven product suite. Cribl Stream is the industry’s leading observability pipeline. Cribl Edge is an intelligent, vendor-neutral agent. And Cribl Search is the industry’s first search-in-place solution. Founded in 2018, Cribl is a remote-first workforce with headquarters in San Francisco, California.
Data Engine for IT & Security Cribl Raised $319 Million in Series E Funding Round at $3.5 Billion Valuation, Raised $600 Million Since Founding in 2018 with Valuation Increasing +40% from Series D Funding Round in 2022, Investors Include Google Ventures, GitLab CRO Michael McBride, Singapore GIC, CapitalG, IVP & CRV, Cribl Founded in 2018 by CEO Clint Sharp, Chief Product Officer Dritan Bitincka & CTO Ledion Bitincka
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