Data Infrastructure Startup Cribl Locks Up $319M At $3.5B Valuation

San Francisco-based raised a $319 million Series E led by new investor and valuing the data infrastructure company at $3.5 billion.

The new round is actually a mix of $200 million in capital and a $119 million secondary offering, . The raise represents a significant up-round for the company, which last raised a $150 million Series D led by at a valuation of nearly $2.6 billion in 2022.

The new round also included participation from , , and .

Managing data

Cribl鈥檚 platform gives users observability into their data, allowing them to understand the health of the data and organize it for IT and security teams. Just last year, Cribl announced it had passed the . The company has more than 700 employees worldwide.

While the explosion of data has given companies the potential for deep understanding of their business, the process of actually collecting, verifying and organizing that data has proven to be difficult and time-consuming. It鈥檚 that problem that platforms such as Cribl鈥檚 tries to rectify.

鈥淓very company must modernize its data stack as legacy systems already can鈥檛 handle today鈥檚 rapid data growth, and the arrival of AI further accelerates the need for a modern data platform,鈥� said , GV general partner and part of Cribl鈥檚 board, in a . 鈥淐ribl鈥檚 rapid growth has come from the consistent and powerful results experienced by its customers.

Founded in 2018, Cribl says it has raised more than $600 million.