Cribl Raises $200M Series C to Optimize Enterprise Data Storage

by Jeremy Porr
August 25, 2021
Crible’s “observability pipelines” make it possible for companies to sort through and route data that flows through traditional IT systems.
photo: built In

The remote work era has presented companies with an array of new cybersecurity threats and challenges. Due to this, many companies are opting to collect and store their data in order to keep it safe, but then find themselves struggling to access it when the time comes to put it to use. 

San Francisco-based company Cribl has set out to develop an open ecosystem of data that relies on unified data pipelines. The startup announced on Wednesday it raised a $200 million Series C round to do just that.

Cribl’s “observability pipelines” make it possible for companies to sort through and route data that flows through traditional IT systems. Users can then choose their own analytics tools to apply to said data. This allows enterprises to maximize the value of their existing investments, according to the company. 

“Enterprises today are caught between the mythical ideal of a single pane of glass for all data insights and the harsh reality that they have to install agents everywhere they want to observe data,” Clint Sharp, co-founder and CEO of Cribl, said in a statement.  

Cribl is 7x more efficient at processing event data than traditional solutions, according to the company. 

“This isn’t a ‘better’ or ‘faster’ version of what's in the market — it’s an entirely new, open architecture for observability,” Sharp continued.

Following the latest raise, Cribl plans to invest in product research and development. The company also plans to invest in the expansion of its team as it continues to scale. Cribl is now hiring for dozens of remote roles spanning its finance, operations, marketing and engineering teams, to name a few.

Greylock and Redpoint Ventures led the recent Series C round. Additional investors Sequoia, CRV, Citi Ventures and others participated in the round. 

Cribl has raised $254 million in venture capital financing to date, according to the company.

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