Total amount raised
$721.2 Millions
Latest funding date
Location
Title
Cribl has successfully raised significant funding across multiple rounds, with its latest being a Series E. The company specializes in data management platforms designed to explore, collect, process, and access data efficiently.
Keep reading to delve into the details of Cribl's funding journey and the investors who support this innovative platform.
What Is Cribl?
Cribl, founded in July 2018, is based in San Francisco, California. The company was established by Clint Sharp, Dritan Bitincka, and Ledion Bitincka.
Specializing in data management solutions, Cribl offers a unified platform for exploring, collecting, processing, and accessing data. Their product suite includes Cribl Stream, Cribl Edge, Cribl Search, and Cribl Lake.
With a workforce of 501-1000 employees, Cribl continues to innovate in the field of data observability and management, providing flexible and efficient solutions for IT and security needs.
How Much Funding Has Cribl Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2018
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Series A
- Amount Raised: $7.4M
- Date: April 2020
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $35M
- Date: October 2020
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $209.8M
- Date: August 2021
- Lead Investors: Greylock, Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in new product features.
- Series D
- Amount Raised: $150M
- Date: May 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and further product innovation.
- Secondary Market
- Amount Raised: $119M
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series E
- Amount Raised: $200M
- Date: August 2024
- Lead Investors: Google Ventures
- Valuation at Round: $3.5 billion
- Motivation Behind the Round: To accelerate product development, extend global presence, and strengthen infrastructure.
Total Amount Raised: $721.2M
Current Valuation: $3.5 billion
Key Investors
- Google Ventures (GV)
- Details: Google Ventures, also known as GV, is the venture capital arm of Alphabet Inc. It focuses on funding startups in various stages of development.
- Investment Focus Areas: Technology, Life Sciences, Consumer Products, Services
- Notable Investments: Uber, Nest, Slack
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm based in Menlo Park, California. It has a long history of investing in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Apple, Google, LinkedIn
- Greylock
- Details: Greylock Partners is a leading venture capital firm that invests in enterprise and consumer software companies. It was founded in 1965 and has a strong track record of successful investments.
- Investment Focus Areas: Enterprise Software, Consumer Internet, Healthcare
- Notable Investments: Facebook, Airbnb, LinkedIn
- CRV (Charles River Ventures)
- Details: CRV is a venture capital firm that has been investing in early-stage technology companies for over 40 years. It is based in Cambridge, Massachusetts.
- Investment Focus Areas: Software, Internet, Communications
- Notable Investments: Twitter, Zendesk, Yammer
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology sectors. It was founded in 2001.
- Investment Focus Areas: Internet, Software, Consumer, Fintech
- Notable Investments: Facebook, LinkedIn, Spotify
What's Next for Cribl?
Cribl's future looks promising as it capitalizes on the rapid growth of enterprise data, which is expanding at a 28% CAGR. With a customer base that includes a quarter of the Fortune 500 companies, the company is well-positioned to extend its global presence and accelerate product development. The demand for modern, vendor-agnostic data management solutions is on the rise, driven by the exponential growth of data and the advent of AI.
Given its recent $319 million Series E funding round, Cribl may explore additional fundraising opportunities to support its ambitious growth plans. However, the company will need to navigate challenges such as competition from legacy vendors and ensuring the scalability and reliability of its solutions. Maintaining high customer satisfaction and retention rates will be crucial as Cribl continues to expand globally.
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