Applications os News
10 Cool Tech Companies That Raised Funding In August 2021
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.
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.”