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Cribl ET30

Cribl Named to the 6th Annual Enterprise Tech 30 List!

April 9, 2024
Written by
Bradley Chambers's Image

Bradley is an experienced IT professional with 15+ in the industry. At Cribl, he focuses ... Read Moreon building content that shows IT and security professionals how Cribl unlocks the value of all their observability data. Read Less

Categories: Announcements

Cribl has been named to the 6th annual Enterprise Tech 30 (ET30) – a definitive list of the most promising private enterprise tech companies. This is our second time on the ET30 list, ranking number four out of 10 companies in the late stage category. The recognition highlights the value our innovative products deliver to our customers and partners as we work together to empower enterprises to unlock the value of all their data.

This list and accompanying research are the product of a two-phase process to distill a stack-ranked list of the top venture-backed enterprise tech companies and to uncover key insights and trends driving the market. Of the 15,000+ venture-backed enterprise tech companies in consideration, 40 companies have been selected as the enterprise tech leaders, segmented by “stage” as determined by an institutional research process.

This year, a record 112 venture capitalists across 92 venture capital firms participated in determining the ET30. The assets under management for the venture capital firms ranged from $50 million to $150 billion.

Cribl is being recognized for our triple-digit customer growth for the fifth consecutive year, innovative product suite, and becoming one of the fastest-ever infrastructure companies to surpass $100 million in annual recurring revenue. Our customer list now includes 34 of the Forbes Global 100 companies and 17% of the Global 500. Our customers are finding tremendous value in our products and services, as our net dollar retention is more than 140% in the last 12 months.

We’re accompanied on the ET30 list by a number of innovative companies in the late-stage category (companies that have raised $150M to $1B), including Figma, Rippling, Canva, Hugging Face, Vercel, Scale AI, dbt Labs, Abnormal, and Glean.

“In ET30’s sixth year, we see the undeniable dominance of generative AI reflected across the entire list, but especially among the youngest companies,” said Peter Wagner, founding partner at Wing Venture Capital. “Where later stage companies saw decreases in deal sizes and valuations, early stage companies saw increases. It’s a fascinating market divergence, in which those companies excelling in the fast-moving waters of AI hold a lot of interest for investors, while others struggle to garner attention.”

We are truly honored to be included among these exceptional companies from across the globe. Congratulations to our fellow ET30 inductees, and thank you to our customers and partners for your support as we continue to build data management solutions that collect data from any source, process billions of events per second, automatically route data to optimize storage, and analyze any data, any time, anywhere.

Check out the entire list and extensive analysis at enterprisetech30.com to explore all of the great companies that made the ET30.

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About ET30

The Enterprise Tech 30 List, presented by Wing Venture Capital, definitively names the top 40 most promising private companies in enterprise technology, as determined by leading venture capitalists in the sector. It shares the knowledge of the venture capital and corporate development communities to determine which Enterprise startups have the most potential to meaningfully shift how tech enterprises operate for the better.

 

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