AI & Enterprise
Grafana Labs pursues new funding on open-source observability bet
Grafana Labs, the startup commercialising the open-source observability platform Grafana, is pushing to raise new investment. GIC is expected to lead the round, which could raise the company’s valuation to $9.0 billion from $6.6 billion, up 36% from about six months ago. The company’s annual recurring revenue rose to more than $400 million in September from $250 million as of August 2024. Grafana Labs is adding AI features and tools such as k6 as monitoring complexity grows.