Data Startup Cribl Valued at $3.5 Billion in New Funding Round
CEO says corporate America wants tools that aren’t just AI.
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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.