$50m for Data Viz Specialist Grafana

Open source data visualization specialist Grafana Labs has raised $50m in Series B funding, and says it will 'aggressively accelerate its product roadmap' in key areas. The firm has also launched an Accelerator Program providing finance and developer access to those building with its software.

The company builds its offer around Grafana, described as 'the open source software for beautiful monitoring and metric analytics and visualization', with products including Grafana Enterprise and hosted solution Grafana Cloud. The latter features brands Prometheus and Graphite (for metrics) and Loki (for logs).

Since winning its first institutional financing in October 2019, the company has scaled up its sales and marketing teams and grown to more than 170 employees in twenty countries. The latest round was led by Lightspeed Venture Partners and joined by Lead Edge Capital, both existing investors.

The new Grafana Accelerator Program (GAP) will nurture early stage companies and side projects innovating in the wider Grafana ecosystem, offering free subscriptions to its products, cash grants, equity financing, and inside access to the core Grafana Labs developers.

Co-founder and CEO Raj Dutt (pictured) comments: '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'.

Web site: www.grafana.com .