It’s been an exciting few days at Cribl. A week ago, we announced our $150 Million Series D funding round led by Tiger Global, with participation from existing investors IVP, CRV, Redpoint Ventures, Sequoia Capital, and Greylock! We also announced an exciting new product: Cribl Search! We’ve been blown away by the excitement from our customers thus far.
Many cybersecurity teams are drinking from multiple firehoses without solutions in place to deal with the onslaught of data. And with 70 percent of companies experiencing over one hundred attacks each day, it’s not slowing down. Teams are overwhelmed with data from multiple sources and formats with continuous requests to pull in more and more.
As CEO of Cribl, one of my greatest privileges is to spend time on the road and on calls with our customers hearing about their needs and challenges. Cribl is a focused company. We build software for observability and security. With this lens, it becomes clear the industry is neglecting to address the unique needs of our users. There are many reasons, most of which are simply that vendors tend to come at a user’s problem through the lens of their existing technology.
We are pleased to announce we have closed our Series D round of funding, led by Tiger Global with participation from existing investors IVP, CRV, Redpoint Ventures, Sequoia, and Greylock Partners. In this round, we raised $150M, bringing our total raised to over $400M. This new fundraising round further validates the value we provide to customers.