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- Cribl
Cribl Revenue, Valuation, Funding & Investors
Cribl is valued at $3.5B as of August 2024, a 35.0x multiple on its last reported $100M revenue.
Last Cribl valuation
$3.5B
Series E · Aug 2024
Last Cribl funding round
$200M
Series E · Aug 2024
Cribl revenue
$100M
Series E · Aug 2024
Key investors in Cribl
CRV
Sequoia Capital
IVP
Greylock
Redpoint
Tiger Global
About Cribl
Cribl is an Austin-headquartered software provider that delivers observability pipelines for routing, reducing, and enriching IT data. Its core products, Cribl Stream and Cribl Edge, enable organizations to process petabytes of logs, metrics, and traces before sending them to tools like Splunk or Datadog. Founded in 2018 by Clint Sharp and Ledion Bitincka, the company serves Fortune 500 enterprises in finance and tech, including Capital One and Salesforce. Cribl's platform operates on-premises, in the cloud, or at the edge, supporting AWS, Azure, and Google Cloud integrations.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Aug 2024)
Valuation
$3.5B (Aug 2024)
Cribl Valuation
Cribl is currently valued at $3.5B, based on its Series E in August 2024.
The $200M round was led by GV, with participation from IVP, GIC, CapitalG and CRV.
Cribl's valuation has grown 2.3x from $1.5B at its Series C in August 2021 to $3.5B in August 2024, across 4 priced rounds.
Cribl valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2024 | Series E | $3.5B | 35.0x |
| Aug 2024 | Secondary | $3.5B | 35.0x |
| May 2022 | Series D | $2.5B | 8.3x |
| Aug 2021 | Series C | $1.5B | - |
Cribl Revenue
Cribl's latest recorded revenue is $100M, as of its Series E in August 2024. At a $3.5B valuation, that implies a 35.0x revenue multiple.
Revenue moved from $300M in May 2022 to $100M in August 2024, while the revenue multiple moved from 8.3x to 35.0x.
Cribl revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2024 | $100M | $3.5B | 35.0x | Series E |
| Aug 2024 | $100M | $3.5B | 35.0x | Secondary |
| May 2022 | $300M | $2.5B | 8.3x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Cribl Funding History
Cribl has raised a total of $602M across 5 funding rounds, plus 1 secondary share sale.
Cribl's first fundraising round was a $7M Series A in April 2020. The most recent completed round was a $200M Series E in August 2024.
Cribl funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2024 | Series E | GV (lead); IVP; GIC; CapitalG; CRV | $200M | $3.5B | Cribl is a San Francisco-based data infrastructure startup founded in 2018 that provides the Data Engine for IT and Security, enabling enterprises to analyze, collect, process, and route IT and security data across various systems and data stores. The company's flagship product, Cribl Stream, is a cloud service that allows organizations to move data between applications, with use cases spanning demand prediction for retailers to breach detection for cybersecurity teams. Cribl has achieved significant enterprise penetration, serving approximately 25% of the Fortune 500 companies as of the funding date. In August 2024, Cribl closed an oversubscribed Series E funding round of $319 million, comprising $200 million in primary capital and $119 million in secondary offerings, at a post-money valuation of $3.5 billion. The round was led by GV (Alphabet's corporate venture arm) with participation from CapitalG, GIC, IVP, and CRV. GV General Partner Michael McBride, a former GitLab CRO, joined Cribl's board as part of the investment, which was one of the largest in GV's 15-year history. As of the funding date, Cribl had surpassed $100 million in annual recurring revenue (ARR), demonstrating strong revenue growth with a reported 163% compound annual growth rate over the four years preceding the round. The company also achieved a net dollar retention rate of 130% in the twelve months prior to the funding announcement, indicating robust customer expansion. This Series E round valued the company at $3.5 billion, representing a 40% increase from its Series D valuation of approximately $2.6 billion in 2022. With the Series E close, Cribl's total capital raised exceeded $600 million, positioning the company to accelerate its international expansion and develop additional product capabilities in response to the 28% CAGR of enterprise data growth. |
| Aug 2024 | Secondary | - | $119M | $3.5B | Cribl, the Data Engine for IT and Security, provides a suite of data management tools including Cribl Stream for routing and processing enterprise data between applications, serving a quarter of the Fortune 500 companies. On August 27, 2024, Cribl closed an oversubscribed $319 million Series E round, including $200 million primary equity and $119 million secondary sale, at a $3.5 billion valuation, up 40% from its 2022 Series D. GV led the investment, with participation from CapitalG, GIC, IVP, and CRV; GV's Michael McBride joined the board. The round brings Cribl's total funding to over $600 million. Cribl surpassed $100 million in annual recurring revenue by October 2023, achieving centaur status as the fourth-fastest infrastructure company to do so, with ARR growing at a 163% CAGR over the past four years. Customer base expanded triple-digits year-over-year for five years, with net dollar retention over 130% in the past 12 months. Cribl powers data projects amid exploding data growth at 28% CAGR, focusing on IT and security needs. With over 700 employees across the US, Europe, and Australia, the company plans to expand internationally and develop new features, targeting cash-flow positivity by 2025. |
| May 2022 | Series D | Tiger Global (lead); Redpoint; IVP; Sequoia Capital; Greylock; CRV | $150M | $2.5B | Cribl is a data management platform that enables organizations to control observability data by parsing, routing, and processing it without unnecessary ingestion or movement, positioning itself as an open observability solution against competitors like Observe, Edge Delta, Monte Carlo, Lightrun, and Chronosphere. On May 24, 2022, Cribl closed a $150 million Series D funding round led by Tiger Global Management, with participation from CRV, IVP, Redpoint Ventures, Sequoia, and Greylock, bringing total funding to $400 million. The round valued the company at $2.5 billion post-money, up from $1.5 billion after its prior Series C in August 2021. At the time, Cribl employed 350 people and planned to expand to 500 by year-end, transitioning from a few-tool vendor to a full observability suite. The funding aimed to fuel product innovation like Cribl Search and address market barriers in observability, a sector projected to reach tens of billions by 2024. Subsequent developments include a $319 million Series E in August 2024 at $3.5 billion valuation led by GV, after surpassing $100 million ARR in 2023 with 163% CAGR over four years, triple-digit customer growth, and over 130% NDR. |
| Aug 2021 | Series C | Greylock (lead); Redpoint (lead); IVP; CrowdStrike; Sequoia Capital; Citi Ventures; CRV | $210M | $1.5B | Cribl is a data infrastructure company offering the Data Engine for IT and Security, with products like Cribl Stream, Edge, Lake, and Search that help enterprises collect, process, analyze, and route telemetry data (logs, metrics, traces) to reduce costs on platforms like Splunk by 30-90%. It positions itself as vendor-neutral, enabling cost savings in data management amid exploding data volumes, and has gained traction with Fortune 500 companies, including 25-50% adoption rates among Fortune 100/500. The specified August 2021 Series C round raised approximately $200-209.8 million led by Greylock and Redpoint, with participation from investors like Sequoia Capital, IVP, CRV, Citi Ventures, and CrowdStrike. Post-2021 developments show strong growth: Cribl hit $100M ARR by October 2023 (fourth fastest infrastructure company to centaur status), $200M ARR by January 2025 (70%+ YoY growth), and $300M ARR by late 2025/early 2026 (40%+ FY'26 growth), with cloud ARR over $130M (75% YoY). Customer metrics include triple-digit base growth early on, now 25%+ YoY, multi-product adoption up 90% YoY, and large deals ($500k+ ARR customers up 50%). Net revenue retention is 145%, with ~700-1000+ employees and regions like EMEA/APJ expanding fastest. In August 2024, Cribl raised an oversubscribed $319M Series E led by GV (one of GV's largest investments), with GIC, CapitalG, IVP, CRV, valuing the company at $3.5B (up 40% from 2022 Series D), implying ~17.5x revenue multiple on estimated $200M ARR. Total funding reached $600-721M. Not yet cash-flow positive as of 2024 but targeting 2025. Competes in $6.8B (2021) data pipeline market growing to $35.6B by 2031 at 18.2% CAGR, against Splunk (acquired by Cisco). Plans include secondary offering post-$300M ARR and AI-first architecture focus. |
| Oct 2020 | Series B | Sequoia Capital (lead); CRV | $35M | - | Cribl secured $35 million in Series B funding in October 2020 led by Sequoia Capital, with participation from CRV, bringing total capital raised to $46 million following prior seed and Series A rounds. The investment aimed to bolster go-to-market initiatives, drive innovation in data routing and pipelines, support aggressive hiring, and scale operations while enhancing product capabilities. Customers including Autodesk, TransUnion, and Blue Voyant utilized Cribl LogStream for data ingestion to control costs and connect systems, addressing IT observability lock-in by enabling flexibility across multiple monitoring tools for machine data analysis in outage detection and security. This round built on Cribl's earlier $7.4 million Series A in April 2020 led by CRV, positioning the company for rapid growth in the data infrastructure space. Sequoia partner Pat Grady joined the board alongside CRV's Max Gazor and Cribl executives, leveraging expertise from companies like Snowflake, Zoom, and Okta. Later rounds included Series C ($209.8M, August 2021), Series D ($150M, May 2022 at ~$2.6B valuation), and Series E ($319M including secondaries, August 2024 at $3.5B valuation after surpassing $100M ARR in 2023). |
| Apr 2020 | Series A | CRV (lead) | $7M | - | Cribl raised $7.4 million in its Series A funding round in April 2020, led by CRV. The funding aimed to expand engineering and accelerate platform innovation. |
Who has invested in Cribl?
11 investors have backed Cribl across its funding rounds, including CRV, Sequoia Capital, IVP, Greylock, Redpoint and Tiger Global.
Lead investors include GV, Tiger Global, Greylock, Redpoint, Sequoia Capital and 1 other investor.
Cribl Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Apr 2020 | ||
| 3 | Participant | Aug 2021 | ||
| 3 | Lead | Oct 2020 | ||
| 2 | Lead | Aug 2021 | ||
| 2 | Lead | Aug 2021 | ||
| 1 | Lead | Aug 2024 | ||
| 1 | Participant | Aug 2024 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2024 | ||
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Start Free TrialAcquisitions by Cribl
Cribl has acquired 2 companies to date.
Last acquisition by Cribl was on August 19th 2026. Cribl acquired Radiant for undisclosed valuation.
Latest Acquisitions by Cribl
| Description | Radiant is a California cannabis supply chain operator providing statewide distribution, manufacturing, and technology services. It supports legacy and equity brands with compliant logistics in the state's legal market. The company handles packaging, testing, and delivery for flower, edibles, and concentrates from facilities in Oakland. | CardinalOps is a Tel Aviv-headquartered cybersecurity firm that operates an AI-powered SaaS platform for threat detection engineering. The platform maximizes MITRE ATT&CK framework coverage across security stacks, automates detection rule management, and eliminates gaps in SIEM and SOC tools. It continuously generates new detection use cases through proprietary analytics and API integrations, adapting to evolving IT infrastructures and attacker tactics. CardinalOps identifies misconfigured log sources and broken rules in real time, serving enterprises globally to maintain robust security operations centers. |
| HQ Country | ||
| HQ City | Santa Rosa, CA | Tel Aviv |
| Deal Date | 19 Aug 2026 | 13 Jul 2026 |
| Valuation | undisclosed | $100M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Cribl acquisitions and their M&A valuation multiples. Start Free Trial | ||
Cribl Competitors
Cribl competitors include listed companies like CommVault Systems and Ricksoft Co, and private ones like DataDirect Networks, VAST Data, Certus Core and ReliaQuest.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $750M | - | $5B | 6.7x | ||
| Publicly listed | $1.2B | $84M | $6.2B | 5.0x | ||
| Private | $200M | - | $30B | 150.0x | ||
| Private | - | - | $3.4B | - | ||
| Private | $300M | - | $3.4B | 11.3x | ||
| Publicly listed | $70M | $3M | $21M | - |
Cribl Public Comps
Cribl is still privately-owned, but its public comps include Chenbro Micom, Dameng Database, MITAC Holdings, Transcend Information, InnoDisk, AData Technology Co, Xunce Technology, Intapp, Kingsoft Cloud and Teradata.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $690M | $164M | 4.9x | 3.5x | 20.6x | 14.3x | |||
| $195M | $84M | 15.3x | 12.5x | 35.5x | 27.6x | |||
| $3.3B | $296M | 1.3x | 0.8x | 14.0x | 12.9x | |||
| $537M | $215M | 5.9x | 1.7x | 14.6x | 14.6x | |||
| $448M | $84M | 8.4x | 1.8x | 45.1x | 3.7x | |||
| $1.7B | $353M | 3.1x | 3.1x | 14.7x | 14.7x | |||
| $192M | ($15M) | 21.3x | 13.4x | (264.0x) | 415.8x | |||
| $578M | ($16M) | 4.6x | 4.5x | (164.3x) | 20.9x | |||
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Common questions about Cribl
| When was Cribl founded? | Cribl was founded in 2018. |
| Where is Cribl headquartered? | Cribl is headquartered in San Francisco, CA, United States. |
| Is Cribl publicly listed? | No, Cribl is a private, VC-backed company. |
| What is Cribl's valuation? | Cribl was last valued at $3.5B in its Series E in August 2024. |
| How much funding has Cribl raised? | Cribl has raised $602M across 5 funding rounds. |
| What was Cribl's last funding round? | Cribl's last funding round was a $200M Series E in August 2024, led by GV. |
| Who are Cribl's investors? | Cribl's investors include CRV, IVP, Sequoia Capital, Redpoint, Greylock, GV, GIC, CrowdStrike, CapitalG, Tiger Global and 1 other. |
| What is Cribl's revenue? | Cribl's latest recorded revenue is $100M (August 2024). |
| What is Cribl's revenue multiple? | Cribl's latest valuation implies a 35.0x revenue multiple ($3.5B valuation on $100M of revenue). |
| Which companies are comparable to Cribl? | Companies comparable to Cribl include DataDirect Networks, CommVault Systems, VAST Data, Certus Core, ReliaQuest and Ricksoft Co. |
| How many companies has Cribl acquired? | Cribl has acquired 2 companies, including Radiant and CardinalOps. |
| What was the largest acquisition by Cribl? | The $100M acquisition of CardinalOps in July 2026 is the largest acquisition Cribl has made to date. |
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