Deals
Sequoia-Backed Grafana Labs Reaches $3 Billion Valuation
- Sequoia and Coatue co-lead round for enterprise tech startup
- Company’s open-source software is used by JPMorgan, PayPal
Photographer: Scott Eells/Bloomberg
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Software maker Grafana Labs has received a new investment that values the startup at $3 billion, a tenfold increase from two years ago.
The enterprise technology business said it raised $220 million in a funding round co-led by Sequoia Capital and Coatue Management. Existing investors Lightspeed Venture Partners, Lead Edge Capital and GIC also participated.