Cribl Inc., the data engine powerhouse, has hit a monumental $3.5 billion valuation following the close of its oversubscribed Series E funding round, which drew in a hefty $319 million in investor commitments. Cooley LLP advised on the deal, announced Tuesday, marking a significant boost for the San Francisco-based tech firm.
Cribl valued at $3.5B : A Leap Forward with $319M Funding
This latest funding injection, which brings Cribl’s total capital to over $600 million, is set to propel the company’s growth. Cribl plans to use the funds to expedite product development, broaden its global footprint, and fortify its infrastructure to meet rising demand.
Since closing its Series D round in 2022, Cribl’s valuation has skyrocketed by 40%, underscoring the company’s rapid ascent in the data solutions space.
Innovative Data Solutions Drive Global Expansion
Founded in 2018, Cribl has carved out a niche with vendor-agnostic solutions that help clients gather, process, and route IT and security data. Its solutions cater to the ever-expanding volumes of data that companies manage daily. Over the past five years, Cribl’s customer base has surged by triple digits annually, and its reach now spans across the U.S., Europe, and Australia.
