The company was last valued at $1.2B in August 2021. Here are the top-line bullets you need to know.
Cribl, a provider of data observability technology, has raised $150M in a Series D. The round drew participation from Tiger Global Management, CRV, Redpoint Ventures, Sequoia Capital, and Greylock Partners, among others.
HOW’S THE COMPANY PERFORMING?
- California-based Cribl grants organizations more control over log data in motion.
- The platform more than tripled the size of its customer base in 2021. Its clients include Shutterfly, Autodesk, Vodafone, Enterprise Holdings, New Balance, and Bank of New Zealand.
- The company is currently seeing revenue growth of 300% year-over-year.
- Cribl increased its headcount by 300% in 2021 and is currently supported by a team of 350 employees.
Source: Cribl
WHY DOES THE MARKET MATTER?
- The global enterprise data management market is expected to be valued at $265.7B by 2030, growing at a CAGR of 14%, according to Research Dive.
- The acceleration of enterprise digitization initiatives and global expansion has contributed to growth in this market.
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