Grafana Labs in Talk to Raise at $9 Billion Valuation

Grafana Labs, a software startup that helps companies monitor cloud and AI activity and spending, is finalizing a new funding round that would value it at about $9 billion, people familiar with the matter said. That’s up from $6.6 billion in a 2024 funding round.

The funding talks follow Grafana’s growth in annual recurring revenue, which hit $400 million in September. Grafana’s customers include fast-growing companies such as Anthropic and database management startups Databricks and ClickHouse. It’s not clear how much it is raising in the latest funding. Singaporean sovereign wealth fund GIC is in talks to lead the new funding.