August 27, 2024 at 11:18AM
Cribl, an IT and security data firm, raised $319 million in a Series E round, bringing their total funding to over $600 million. The investment round, valuing the company at $3.5 billion, was supported by Google Ventures, CapitalG, CRV, GIC, and IVP. Founded in 2018, Cribl offers products for data collection, analysis, and routing, and plans to use the new funds for product development and expansion.
From the meeting notes, I have extracted the following key points:
– Cribl, an IT and security data firm, has raised $319 million in a Series E round, bringing its total funding to over $600 million.
– The investment round values Cribl at $3.5 billion and was provided by Google Ventures, CapitalG, CRV, GIC, and IVP.
– Founded in 2018 in San Francisco, Cribl offers vendor-agnostic products for the collection, analysis, processing, and routing of IT and security data from any source to any destination.
– The company plans to invest the new funds in product development, strengthening its infrastructure, and expanding its global presence.
– Cribl has over 700 employees worldwide and a presence in the US, Europe, and Australia.
– Cribl co-founder and CEO Clint Sharp mentioned that the company’s mission is to help customers resolve the tension between data growth and budget constraints.
– In 2022, Splunk sued Cribl for intellectual property infringement, but Sharp, the former Splunk employee, is no longer named as a defendant in the lawsuit.
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