Cribl, a San Francisco, CA-based Observability Pipeline company, raised $200m in Series C funding.
The round, which brought total funding to $254m, was led by Greylock and Redpoint Ventures, with participation from new investor IVP, existing investors Sequoia and CRV, and strategic backers Citi Ventures and CrowdStrike.
The company intends to use the funds to expand operations and its business reach.
Founded in 2017 by Clint Sharp, CEO, Cribl provides solutions that deliver customizable controls to route security and observability data where it has the most value. It parses and routes any type of event data that flows through corporate IT systems. to enable users to to instrument everything, so they can analyze more and pay less. Early adopters include TransUnion, Autodesk, FINRA, Rivian, and Cox Automotive.
The Cribl team has a deep heritage building innovative technology at Splunk, and at Cribl the team has invented technology that is the single strategic control point for all data in their enterprise — offering unparalleled flexibility and control over observability data flowing between every system in the enterprise. Its superior purpose-built technology is 7x more efficient at processing event data while using far fewer resources than alternatives, and has helped it win relationships with new global customers such as Whole Foods and Vodafone.
FinSMEs
25/08/2021