I’m so excited to share that Cribl has closed a $319M Series E round! The oversubscribed round was led by GV (Google Ventures), joined by new investor CapitalG along with participation from existing investors GIC, IVP, and CRV. This round values Cribl at $3.5 billion, up 40% from our Series D round in 2022, and includes both primary and secondary. We’re especially excited to be partnering with GV, who has a track record of making significant bets in amazing companies like Stripe, Uber, and GitLab. In addition to a sizable investment, GV General Partner and former GitLab CRO Michael McBride is joining our board of directors as we continue building a generational company.

Our mission here at Cribl is simple: Unlock the value of all your IT and security data. Every company is dealing with the fundamental tension of data growing at 28% CAGR while budgets do not. With this additional capital, we’re doubling down on that mission and helping customers resolve that tension while giving them choice, control, and flexibility. Cribl is quickly becoming the leader in a massive market that’s looking for new solutions and a different way of managing data. Our products are purpose-built for IT and Security, who are often underserved by the market despite being critically important to the enterprise.

Cribl’s approach has been unique since day one. Our vendor-agnostic products deliver what customers have needed all along: the Data Engine for IT and Security. With Cribl, our customers are able to analyze, collect, process, and route all their IT and security data whenever and however they decide.

Our relentless focus on our customers and doing what’s right for them is why Cribl has become one of the fastest growing infrastructure companies in history. We’ve grown our ARR at a 163% CAGR over the last four years. Companies around the world, including nearly half of the Fortune 50 and a quarter of the Fortune 500, rely on us to simplify and modernize their data management. There’s no better proof that we’re onto something big than when the world’s largest enterprises bake Cribl into their infrastructures. We’re proud to be mission-critical infrastructure for so many leading companies!

When Dritan, Ledion, and I started Cribl back in 2018, we had a clear vision to help enterprises unlock the value of their data. I’m reminded of that vision at every crucible moment in our short history, including securing more than $600 million in capital, becoming one of the fastest infrastructure software companies to surpass $100 million in ARR, and expanding our portfolio with innovative products built from first principles. It has taken a ton of grit from the entire Cribl team to turn this vision into reality over these past six years. We always say that software is a people business, and we’re fortunate to have some of the best people in the industry.

Today, our vision has propelled us to this incredible milestone, but we know that our continued success must be done purposefully. That means solving real customer problems, innovating for their needs, entering new markets, expanding our partner ecosystem, and not getting distracted by flashy trends. If we stay focused and intentional, we’ll continue to out-innovate and out-perform. Even more importantly, we’ll make life easier for our customers who rely on Cribl day in and day out to do their jobs and keep the business running.

We’re very fortunate to continue to work with a strong group of investors who have experience building $1B+ product lines. Michael’s experience at GitLab and GV’s track record will help guide us in continuing our awesome growth trajectory. With great investors like GIC, CapitalG, IVP, and CRV backing us, we are in a fantastic position to bring the Data Engine for IT and Security to businesses around the world.

Thank you all for your support and we look forward to continuing to succeed together!