Cribl Raises $200M in Series C Funding on Traction with Global Enterprise Customers, Vision to Unlock Value of all Observability Data
Cribl, the leading Observability Pipeline company, today announced it raised $200 million in new Series C funding led by Greylock and Redpoint Ventures, joined by new investor IVP, existing investors Sequoia and CRV, and with strategic investment from Citi Ventures and CrowdStrike. This Series C funding brings Cribl’s total funding to $254 million, coming on the heels of sizable deals with large enterprise customers including FINRA, Rivian, and Cox Automotive.
David Wadhwani, Partner at Greylock, says “Not since my time at AppDynamics have I seen a company taking such an innovative approach to solving a real customer problem. Cribl is enabling customers to realize their long term observability strategies by addressing the single biggest pain point: getting control of the massive surface of data.”
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Data has become a double-edged sword in the enterprise. Exacerbated by the dramatic growth of remote work, security attacks, and heightened privacy and compliance requirements, companies are now collecting and storing such vast amounts of observability data that a new landscape of tech vendors have emerged to solve the myriad challenges that this “big data” created. But many data vendors address problems by locking customers into their own expensive data stacks — creating a long-term cost and complexity for customers.
Cribl is taking an open approach to the flow of data in the enterprise. In its flagship product, LogStream, Cribl has invented an entirely new, vendor-agnostic way to parse and route any type of event data that flows through corporate IT systems. In doing so, Cribl’s LogStream has not only created an observability pipeline that offers unparalleled flexibility and control across IT systems — it gives companies the freedom to choose their own analytics tools and storage destinations from a diverse range of best-of-breed data solutions without fear of vendor lock-in, complementing tools such as Splunk, Datadog, and Exabeam.
“Enterprises today are caught between the mythical ideal of a single pane of glass for all data insights, and the harsh reality that they have to install agents everywhere they want to observe data,” said Clint Sharp, co-founder and CEO of Cribl. “Cribl, our customers, and investors recognize there’s a better way — to create a unified data pipeline, with the same agents across security and operations, that allows enterprises to maximize the value of their existing investments. This isn’t a ‘better’ or ‘faster’ version of what’s in the market — it’s an entirely new, open architecture for observability.”
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