This Grafana Labs company profile covers the company's valuation, revenue, funding rounds, investors and history. Grafana Labs works in infrastructure software, with a focus on open-source observability. It was founded in 2014 and is headquartered in New York, New York, United States (remote-first). Its latest valuation on record is US$6 billion (August 2024). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
More than US$400 million — Annual recurring revenue (company-reported), as of September 2025. Source: Grafana Labs.
| Metric | Value | As of | Source |
|---|---|---|---|
| Customers | More than 7,000 | September 2025 | Grafana Labs |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Sep 2025 | Secondary transaction | Not disclosed | Not disclosed | Ontario Teachers' Pension Plan (lead); Sapphire Ventures, Tiger Global | Grafana Labs |
| Aug 2024 | Primary and secondary transaction | US$270M | US$6B | See source | Business Wire (company release) |
Grafana Labs timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2014 — Grafana Labs is founded in New York by Raj Dutt (CEO), Torkel Ödegaard and Anthony Woods.
- Aug 2024 — Primary and secondary transaction: US$270M, valuing the company at US$6B.
- Sep 2025 — Secondary transaction: Not disclosed. Investors: Ontario Teachers' Pension Plan (lead); Sapphire Ventures, Tiger Global.
- September 2025 — Customers: More than 7,000.
Investors
Overview
Grafana Labs is the company behind Grafana, one of the world's most popular open-source tools for visualising data in dashboards, and a family of open-source projects for observability: collecting and analysing the metrics, logs, traces and profiles that show how software systems are performing. Engineering teams use Grafana to monitor applications, infrastructure, networks, IoT devices and business data, and to investigate problems when something goes wrong. The company sells a managed cloud platform, Grafana Cloud, and enterprise versions of its software, and has grown into one of the largest independent observability companies.
Torkel Ödegaard created Grafana as an open-source project in 2013 while working in Sweden. Raj Dutt, a serial entrepreneur who had founded the hosting company Voxel, co-founded Grafana Labs with Ödegaard and Anthony Woods in 2014 to build a business around it. Dutt is CEO. The company is remote-first, with employees in dozens of countries and an official base in New York.
Products: the LGTM stack
- Grafana: dashboards and visualisation that connect to many data sources, from Prometheus and databases to cloud services.
- Loki: log aggregation designed to be cheaper to run than traditional log tools.
- Grafana Tempo: distributed tracing to follow requests across services.
- Mimir: scalable storage for Prometheus metrics.
- Pyroscope: continuous profiling of application performance.
- Grafana Cloud: a fully managed platform combining these tools with incident response, synthetic monitoring, k6 load testing and AI-powered assistants.
The core projects are often called the "LGTM stack" (Loki, Grafana, Tempo, Mimir), a joke on the code review shorthand for "looks good to me".
Growth
Grafana Labs reported passing US$250 million in annual recurring revenue and 5,000 customers in August 2024, and more than US$400 million in ARR and 7,000 customers in September 2025. Customers range from startups to large enterprises in technology, finance, telecoms, gaming and manufacturing. Millions of users run open-source Grafana, which feeds demand for paid offerings as organisations scale.
Funding
Grafana Labs has raised from Lightspeed Venture Partners, Sequoia Capital, CapitalG, Coatue, Tiger Global, GIC and J.P. Morgan, among others. In August 2024 it completed a US$270 million primary and secondary transaction at a US$6 billion valuation. In September 2025 it announced a secondary transaction led by Ontario Teachers' Pension Plan with Sapphire Ventures and Tiger Global, without disclosing a valuation. We use the 2024 figure.
Business model
Grafana Labs follows an open-source business model: most of its software is free to use and modify, while it sells Grafana Cloud on a usage basis, subscriptions to enterprise editions with additional features and support, and services. Its pricing aims to undercut traditional observability vendors that charge heavily for data ingestion. In 2021 it moved several core projects to the AGPL licence to prevent cloud providers from offering them as services without contributing back, while partnering with Amazon, Microsoft and Google to offer managed Grafana services.
Competition
Grafana Labs competes with observability platforms such as Datadog, Dynatrace, New Relic, Splunk (owned by Cisco) and Elastic; with cloud providers' monitoring tools; and with data platforms like ClickHouse that are used for logs and traces. Its advantages are its open-source popularity, flexibility to work with many data sources and lower cost at scale.
Grafana Labs at a glance
Grafana Labs is a remote-first observability company founded in 2014 by Raj Dutt, Torkel Ödegaard and Anthony Woods. It builds Grafana, Loki, Tempo, Mimir and Grafana Cloud. It completed a US$270 million transaction at a US$6 billion valuation in August 2024 and reported more than US$400 million in ARR and 7,000 customers in September 2025.
Timeline
- 2013: Torkel Ödegaard creates Grafana as an open-source project.
- 2014: Grafana Labs is founded.
- 2018–2020: launches Loki and Tempo and builds Grafana Cloud.
- 2021: moves core projects to the AGPL licence and acquires k6.
- August 2024: passes US$250 million ARR and completes a US$270 million transaction at US$6 billion.
- September 2025: passes US$400 million ARR and 7,000 customers; new investors join through a secondary sale.
Why observability spending keeps growing
Modern software runs on hundreds or thousands of services across clouds, containers and devices. When something breaks, engineers need data from every layer to find the cause quickly. The volume of telemetry data grows with every new service and user, and AI applications add new things to monitor, such as model latency, cost and quality. As a result, observability has become one of the largest categories of infrastructure software spending, and also one of the most expensive line items for many engineering teams, creating demand for cheaper alternatives.
Valuation context
At US$6 billion, Grafana Labs was valued at about 24 times its ARR in August 2024. With ARR growing past US$400 million by late 2025, the same valuation would represent a much lower multiple, suggesting room for a higher valuation in a future round or IPO if growth continues. Our guide to SaaS valuation multiples explains how these figures compare.
Questions for engineering teams
- Should you self-host open-source tools or use the managed cloud?
- How do costs compare with your current observability vendor at your data volume?
- Which data sources and integrations do you rely on?
The role of open source
Open-source projects let Grafana Labs reach millions of engineers without traditional sales, because anyone can download and run Grafana. Developers become familiar with the tools, recommend them inside their companies and later choose paid products when they need scale, support or managed services. The challenge for open-source companies is converting enough free users into paying customers while maintaining community trust. Grafana Labs has balanced this by keeping core projects open, accepting outside contributions, and charging for convenience, scale and enterprise features.
Latest developments (October 2026)
Reports in February 2026 said Grafana Labs was in talks to raise new funding at about US$9 billion, and data providers list a Series E of about US$250 million in March 2026, according to Dealroom; we could not find a primary announcement confirming final terms, so we continue to show the confirmed 2024 valuation of US$6 billion. The company has said its annual recurring revenue exceeds US$400 million. See our developer tools guide.
What to watch
Watch for IPO preparation, ARR milestones, AI-powered observability features and competition with Datadog and cloud providers.
Takeaways
Engineering teams can build flexible, lower-cost observability on open-source foundations. Founders can learn from Grafana Labs' open-source-to-cloud path. Investors should watch whether growth supports an IPO well above its 2024 valuation.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Grafana Labs do?
Grafana Labs is a infrastructure software / open-source observability company headquartered in New York, New York, United States (remote-first). It was founded in 2014.
What is Grafana Labs's valuation?
Grafana Labs was valued at US$6 billion as of August 2024, according to Business Wire (company release). Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Grafana Labs make?
Grafana Labs reported More than US$400 million (annual recurring revenue (company-reported)) as of September 2025, according to Grafana Labs.
What was Grafana Labs's latest funding round?
The most recent financing we have verified is a secondary transaction in Sep 2025: Not disclosed. Source: Grafana Labs.
Who are Grafana Labs's investors?
Investors named in public announcements include Lightspeed Venture Partners, Sequoia Capital, CapitalG, Coatue, Tiger Global, GIC, Sapphire Ventures, Ontario Teachers' Pension Plan and J.P. Morgan.
Who founded Grafana Labs?
Grafana Labs was founded in 2014 by Raj Dutt (CEO), Torkel Ödegaard and Anthony Woods.
Is Grafana Labs a public company?
No. Grafana Labs is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Grafana Labs headquartered?
Grafana Labs is headquartered in New York, New York, United States (remote-first).