GIC led a $240m Series D round in Grafana Labs.

GIC, Singapore’s sovereign wealth fund, led a $240m Series D round in Grafana Labs, a provider of open source software for visualizing operational data, with participation from Sequoia Capital, Coatue, Lightspeed Venture Partners and Lead Edge Capital. "Grafana Labs is a strong, product-led company that has built a committed customer base and has significant adoption. We are enthusiastic to lead the round, particularly as we’ve witnessed Grafana Labs’ ability to translate a portion of their free adoption into consistent business results. We see significant global interest in Grafana Labs’ products and look forward to leveraging GIC’s network to support the company’s global growth ambitions and drive deeper relationships in APAC over the long term," Choo Yong Cheen, GIC CIO.