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Applications & OS News

10 Cool Tech Companies That Raised Funding In August 2021

Rick Whiting

Next-generation technology developers in AI, big data monitoring and analytics, edge computing and Kubernetes management were among the startup companies that reported new rounds of funding in August.

Grafana Labs

Headquarters: New York

CEO: Raj Dutt

Funding: The $220 million Series C round put Grafana’s pre-money valuation at $3 billion.

Investors: The funding round was co-led by new investors Sequoia Capital and Coatue, with participation from existing investors Lightspeed Venture Partners, Lead Edge Capital and GIC.

What the company does: Grafana Labs develops a composable monitoring and observability stack built around the Grafana open-source analytics dashboard and data visualization technology.

CEO Quote: “It’s been an incredible year at Grafana Labs, highlighted by the rapid adoption of Grafana Cloud, the growth of our Loki logs and Prometheus metrics offerings, the introduction of Tempo 1.0 for tracing, and the continued development of the Grafana front end.”

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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