Sequoia Capital and Coatue led a $220m Series C funding round in Grafana Labs.

Investment firms Sequoia Capital and Coatue led a $220m Series C funding round in Grafana Labs, a developer of a performance monitoring platform. Other investors include Lightspeed Venture Partners, Lead Edge Capital, and GIC. “It’s been an incredible year at Grafana Labs, highlighted by the rapid adoption of Grafana Cloud, the growth of our Loki logs and Prometheus metrics offerings, the introduction of Tempo 1.0 for tracing, and the continued development of the Grafana frontend. This new investment of capital, as well as the addition of two highly experienced technology executives to our board, will focus us on accelerating product development to support our community’s and customers' success," Raj Dutt, Grafana Labs Co-Founder and CEO.