Lightspeed Venture Partners led a $270m round in Grafana Labs.

Lightspeed Venture Partners, a venture capital firm, led a $270m round in Grafana Labs, an open source software platform, with participation from GIC, Sequoia Capital, Coatue, Lead Edge Capital, JP Morgan and K5 Global. “When Lightspeed first invested in Grafana Labs’ Series A in 2019, we were confident in the company’s strategy. We knew that open source companies were rewriting the narrative, transitioning from merely free alternatives to releasing technology that rivals or surpasses proprietary solutions. Grafana exemplifies this shift - there’s nothing that compares to their capabilities in operational dashboarding. They’ve been on a tear releasing so many new products and building what clearly is the strongest open source observability platform in the market. Seeing the company exceed 5k paying customers and consistently deliver groundbreaking solutions for both open source and enterprise users is a testament to their vision and execution,” Gaurav Gupta, Lightspeed Venture Partners Partner.