Data infrastructure startup Cribl secures $319 million in funding, boosting its valuation to $3.5 billion.

San Francisco-based Cribl has secured $319 million in a Series E funding round, led by new investor GV, valuing the data infrastructure company at $3.5 billion. The round consists of $200 million in new capital and a $119 million secondary offering, according to Bloomberg. This marks a significant increase in valuation from the $2.6 billion Cribl reached in its $150 million Series D round led by Tiger Global Management in 2022. Other investors in the latest round include GIC, CapitalG, IVP, and CRV.

Cribl's platform enhances data observability, enabling users to monitor the health of their data and organize it for IT and security teams. The company surpassed $100 million in annual recurring revenue last year and currently has over 700 employees globally. As data continues to grow exponentially, managing it has become increasingly complex and time-consuming. Cribl’s platform addresses this challenge by helping companies modernize their data stacks, especially as legacy systems struggle with rapid data growth and the advent of AI, said Michael McBride, GV general partner and a member of Cribl’s board.Founded in 2018, Cribl has raised over $600 million to date.