Data Startup Cribl Valued at $3.5 Billion in New Funding Round

Data infrastructure startup Cribl Inc. has raised a new funding round bringing its valuation to $3.5 billion, an unusually high number for a company not focused exclusively on AI in the current fundraising climate.

The 700-person company, which organizes companies’ data for IT and security teams, raised $200 million in capital alongside a $119 million secondary offering, said co-founder and Chief Executive Officer Clint Sharp. Cribl has now raised $600 million since it was founded in 2018.

GV, formerly Google Ventures, led the investment, with participation from GIC, CapitalG, IVP and CRV. Michael McBride, general partner at GV, will take a board seat. ...