(NEW YORK)–Grafana Labs, the developer of the Grafana and Loki open-source projects used to visualize time-series data, announced closing of $50 million Series B funding round.
The company said the funds will be used to accelerate development of the Grafana query and visualization project, Loki logging software and the Prometheus metrics platform, which is hosted by the Cloud Native Computing Foundation.
This new funding round comes just 10 months after Grafana raised a $24 million Series A offering.
The round was led by Lightspeed Venture Partners and Lead Edge Capital Management LLC, which both participated in the company’s first institutional financing in October 2019.
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