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Cribl’s Fall Release Hints at Why It Just Closed a Monster Financing Round

 

When Cribl announced its monster $200M financing round, we wondered what is coming next for the observability infrastructure company. The company has revealed some of what got investors excited in its fall release (Version 3.2.0) announcements. We think the two most important elements of the fall release announcements include is Cloud Visibility & Management and its Quick Connect features, both of which enhance Cribl customers’ implementation of the flagship product, LogStream.

In addition to this 3.2.0 release, we think another reason investors are so enthusiastic to back Cribl is the growing demand for observability systems. We expect that, over time, the networking, security, and observability industries will see increasing overlap between each other. This overlap will drive customers to demand solid third-party alternatives to the trend where prominent players from each of the three industries acquire smaller, best-of-breed category leaders. While there is able competition in the overall Observability market, Cribl’s newfound war chest positions it to vie for leadership in the emerging observability infrastructure market.

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