Announced
Completed
Financials
Sources
Tags
Software
data services
Completed
Private Equity
Friendly
software provider
Venture Capital
Minority
Cross Border
Private
United States
Acquisition
Synopsis
Two venture capital firms Greylock and Redpoint Ventures led a $200m Series C funding round in Cribl, a developer of a big data software designed to simplify big data and log analytics at scale. Other investors include IVP, Sequoia, CRV, Citi Ventures and CrowdStrike. "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. 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," Clint Sharp, Cribl Co-Founder and CEO.
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