SAN FRANCISCO, CA — February 7, 2023 — Cribl, the leader in enabling open observability, today announced the results of its fiscal year, marked by surging customer demand, an expanded observability product suite, and major funding. The company more than doubled its customer base and annual recurring revenue, with 24 of the Fortune 100 companies now Cribl customers. Cribl also launched two new products in 2022, Cribl Edge and Cribl Search, secured $150M in Series D funding, and grew its team to nearly 500 employees.
“When we started Cribl back in 2017 we had a simple vision: Give customers choice and control over their data. This past year of record customer and revenue growth continues to show that sentiment resonates with the market,” said Cribl Co-Founder and CEO Clint Sharp. “As we turn our sights to our next fiscal year and beyond, our team is committed, more than ever before, to delivering innovative products, best-in-class customer support, free education for all, and, ultimately, charting the future of the observability category.”
Financial Highlights, Customer Wins, and Industry Recognitions:
“The Cribl team continues to amaze us. They were the first mover in the observability category back in 2017, and they continue to lead the way with innovative products that push the market forward and a genuine commitment to their customers,” said Max Gazor, General Partner at CRV. “At CRV, we’re proud to have been a part of Cribl’s journey from early on when we led Cribl’s seed and we’re excited to watch this team continue to succeed in the coming years.”
“Delivering high quality and secure customer experiences is critical for enterprises, leading forward-looking organizations to adopt and expand observability practices,” said Scott Sinclair, practice director at the Enterprise Strategy Group. “As environments scale, however, the result is often the uncontrolled growth of observability data. Cribl’s product suite helps organizations collect, manage, and search the range of data sources and types essential for today’s observability practices, while optimizing and helping control the growth of data. With investments in observability poised to increase, the opportunities for continued product innovation and new business use cases in this space are promising.”
Expanded Leadership Across the Business:
Product Suite Expansion and Industry Partnerships:
Cribl, the Data Engine for IT and Security, empowers organizations to transform their data strategy. Customers use Cribl’s vendor-agnostic solutions to analyze, collect, process, and route all IT and security data from any source or in any destination, delivering the choice, control, and flexibility required to adapt to their ever-changing needs. Cribl’s product suite, which is used by Fortune 1000 companies globally, is purpose-built for IT and Security, including Cribl Stream, the industry’s leading observability pipeline, Cribl Edge, an intelligent vendor-neutral agent, and Cribl Search, the industry’s first search-in-place solution. Founded in 2018, Cribl is a remote-first workforce with an office in San Francisco, CA.