Grafana Labs Closes $24M in Series A Funding to Double Down on Open Source Strategy and Build the World’s First Open and Composable Observability Platform
PDD Holdings Inc. - American Depositary Shares (PDD)
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Source: GlobeNewswire
NEW YORK, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Grafana Labs, the company behind open source projects including Grafana and Loki, today announced $24 million in Series A funding. The round, led by Lightspeed Venture Partners and with participation from Lead Edge Capital, will be used to further invest in the open source community and accelerate the creation of an open and composable observability platform with Grafana at the center. The company also announced new executive appointments including Douglas Hanna, chief operating officer, Dave Kranowitz, vice president of global sales, and Ryan McKinley, vice president of applications. “Building on our community momentum, we’ll be pushing the boundaries further with an open and composable observability platform heading into 2020. This is an industry first that uses Grafana to bring together logs, metrics and traces in a single, curated experience, enabling the deepest understanding of application behavior,” said Torkel Ödegaard, co-fou
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