Cribl, a San Francisco-based startup specializing in data infrastructure, has secured $319 million in Series E funding, raising its valuation to $3.5 billion. The funding round was led by GV (formerly Google Ventures) and marks a significant investment in a tech company that is not primarily focused on artificial intelligence—a rarity in today's venture capital landscape.
While Cribl does offer an AI copilot product, its core business revolves around helping companies manage and organize the vast amounts of data they accumulate. The company’s software is designed to collect, process, analyze, and route IT and security data across various systems and databases. This has become increasingly important as businesses face the challenge of managing an ever-growing volume of data.
The $319 million round comprises new capital, with $119 million allocated to a secondary tranche. Additional investors in this round included GIC, CapitalG, IVP, and CRV. Cribl has raised over $600 million in primary funding with this latest funding. Following its last funding round in early 2022, the company's previous valuation was $2.45 billion.
Cribl’s growth reflects the rising demand for data management and orchestration solutions as organizations navigate the complexities of data-driven operations. As companies generate more data, efficient and scalable data infrastructure becomes increasingly critical.