IT and security data firm Cribl on Tuesday announced raising $319 million in a Series E round that brings the total raised to more than $600 million.
The investment round, which values Cribl at $3.5 billion, was provided by Google Ventures, CapitalG, CRV, GIC, and IVP.
Founded in 2018 in San Francisco, the late-stage startup provides vendor-agnostic productds for the collection, analysis, processing, and routing of IT and security data from any source to any destination.
Cribl provides a product suite specifically designed for IT and security, which includes an observability pipeline, a vendor-neutral agent, a search-in-place solution, and a data lake.
Cribl plans to invest the new funds in product development, strengthening its infrastructure, and expanding its global presence.
The company has more than 700 employees worldwide, with a presence in the US, Europe, and Australia.
“Every company is dealing with the fundamental tension of data growing at 28% CAGR while budgets do not. With this additional capital, we’re doubling down on that mission and helping customers resolve that tension while giving them choice, control, and flexibility,” Cribl co-founder and CEO Clint Sharp said.
In 2022, Splunk sued Cribl, claiming intellectual property infringement. Earlier this year, Sharp, who previously worked at Splunk, said he was no longer named as a defendant in the lawsuit.
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