The deep dive · Private · Read November 1, 2026

Grafana Labs

The open-source dashboard company that became a full monitoring cloud. ARR passed $600 million in 2026, and a $9 billion round was reported but never announced.

Grafana Labs, Aug 26, 2026
Valuation
$6B+, $9B reported last confirmed in Aug 2024; a $9B raise led by GIC was reported in Feb 2026, not confirmed by Grafana.
Raised
$754M announced Series A, C, D and the 2024 extension. The 2024 figure mixes new money and stock sold by holders.
Revenue
$600M+ ARR in Aug 2026, up from $400M in Sept 2025 and $250M in Aug 2024.
Watch
No price since 2024 Grafana has not published a valuation since the $6B round in 2024.
AI
Agents shipped a hosted MCP server, an agent CLI and always-on AI watchers are generally available.
Liquidity
2025 secondary staff and early holders could sell shares in a 2025 deal led by Ontario Teachers'.
Hiring
106 → 120 remote listings since Oct 10.
01 · The business

Free software, paid cloud.

Grafana, Loki, Tempo and its other tools are free and open source. It makes money running them as Grafana Cloud: a free tier, a Pro plan from $19 a month plus usage, and Enterprise contracts from $25,000 a year. Bills grow with the data customers send.

Grafana Cloud pricing page, checked Oct 31, 2026
The moat, in three parts
  1. 1
    It owns the open-source default
    Grafana, Loki and Tempo are its own projects. It moved them to the AGPLv3 licence in 2021, which makes it harder for others to resell them as a closed service.
    Grafana Labs licensing page
  2. 2
    Customers keep adding products
    Paying contract customers use 4.4 products on average, up from 2.3 two years earlier. 64.9% use four or more.
    Grafana Labs, Aug 26, 2026
  3. 3
    It sells cutting the bill
    Its Adaptive Telemetry tools drop low-value data, and the company says they cut telemetry costs by 30 to 50% on average.
    Grafana Labs, Aug 26, 2026
The competition, by what it is worth
  • Palo Alto Networks
    $300Blisted, Oct 30 close
  • Datadog
    $84.5Blisted, Oct 30 close
  • Dynatrace
    $16.7Blisted, Oct 30 close
  • Elastic
    $10.3Blisted, Oct 30 close
  • Grafana Labs
    $9.00BReported round, Feb 13
  • New Relic
    $6.50Bprivate, Jan 1

Private values are the last reported round; they can be stale. Listed values are market value. Bars start at zero.

02 · Funding

Every round, and what its terms give away.

Grafana Labs is private, so there is no share price. What its investors paid, and on what terms, is the closest thing to one.

$9.00B
latest valuation, Reported round Feb 13
$600M
ARR, as of Aug 26
+50%
growth, as reported

Not disclosed. Growth is about 50% from $400M ARR in Sept 2025, over 11 months.

Grafana Labs, Aug 26, 2026
What investors paid for all of Grafana Labs, round by round
$3.00B$6.00B$9.00B20212026

Post-money valuations as reported. The line starts at zero. Rounds without a reported valuation are left off.

6 rounds and offers, newest first
  1. Feb 13
    Reported roundat $9.00B
    Led by GIC (reported)
    Reported by The Information; Grafana has announced no round. Valuation would rise from $6.6B, as reported.
    SiliconANGLE citing The Information, Feb 13, 2026
  2. Sep 30
    Secondary sale
    Led by Ontario Teachers' Pension Plan
    Existing shares sold; Sapphire and Tiger Global joined. Price not disclosed. A $150M tender in 2025 was reported separately.
    Grafana Labs, Sep 30, 2025
  3. Aug 21
    Series D extension$270M at $6.00B
    Led by Lightspeed Venture Partners. About 5% of the company, if all new shares
    Primary and secondary combined; split not disclosed. CapitalG joined. Valuation stated as over $6B.
    Grafana Labs, Aug 21, 2024
  4. Apr 6
    Series D$240M
    Led by GIC
    J.P. Morgan joined. No valuation disclosed.
    Grafana Labs, Apr 6, 2022
  5. Aug 24
    Series C$220M at $3.00B
    Led by Sequoia Capital and Coatue. About 7% of the company, if all new shares
    Nearly 500 staff at the time.
    Grafana Labs, Aug 24, 2021
  6. Oct 24
    Series A$24M
    Led by Lightspeed Venture Partners
    Lead Edge Capital joined.
    Grafana Labs, Oct 24, 2019
Round-terms checks
No flags found · last raise 26 months ago
  • Down round or flat round?No. Confirmed prices rose from $3B (2021) to over $6B (2024), and the reported 2026 price is $9B.Grafana Labs releases; SiliconANGLE, Feb 2026
    Clear
  • How much did the last round sell?The 2026 raise size was never disclosed by Grafana or a major outlet we could read. The 2024 round was $270M at over $6B, about 4.5%, partly secondary.SiliconANGLE, Feb 2026
    Open
  • Time since the last raiseLast confirmed priced round Aug 2024; a raise was reported in Feb 2026. With ARR at $600M, there is no sign of a cash squeeze.Grafana Labs, Aug 2026
    Clear
  • Unusual terms?No terms have been reported for any round. Liquidation preferences are not public.Searched Oct 31, 2026
    Open
  • Who led?GIC, an investor since 2020, reportedly leads the 2026 round. New outside money came in 2025: Ontario Teachers', Sapphire, Tiger Global.Grafana Labs, Sep 2025; SiliconANGLE, Feb 2026
    Clear
  • Can staff sell shares?Yes, at least once: a 2025 secondary, and a $150M tender in 2025 was reported. Price per share not public.SiliconANGLE, Feb 2026
    Clear
  • Layoffs in the last 12 months?None announced or reported in our search. The company said it added over 100 staff in its last fiscal year.Grafana Labs, Feb 3, 2026
    Clear

Clear: checked, nothing found. Flag: found, with the source. Open: could not be checked.

Going public

No filing reported

Cash for staff shares
  • Sep 30. Secondary led by Ontario Teachers'; price not disclosed.
  • Jan 1. $150M tender offer reported by SiliconANGLE; may be the same deal.
03 · Footnote flags

What the record says, and what we think it means.

The fact is the source's. The read, in italics, is ours.

  1. 01
    Good

    ARR passed $600 million, with 10,000 customers.

    Aug 2026: over $600M ARR, over 10,000 customers, 18,000 organisations using Grafana Assistant.

    Growth has sped up, not slowed: $150M of new ARR in a year, then $200M in the next 11 months.

    Grafana Labs, Aug 26, 2026
  2. 02
    Watch

    The $9 billion price is reported, not confirmed.

    The Information reported talks to raise at $9B with GIC leading in Feb 2026. Grafana's press page lists no funding release since.

    Treat $9B as likely but unofficial. Ask a recruiter what price new grants are based on.

    SiliconANGLE citing The Information, Feb 13, 2026
  3. 03
    Good

    Employees have had a way to sell.

    A Sept 2025 secondary led by Ontario Teachers', plus a reported $150M tender in 2025.

    Private-company equity here has been partly cashable, which is rarer than it should be.

    Grafana Labs, Sep 30, 2025
  4. 04
    Neutral

    Bought Logline in April 2026.

    A small log-search startup; terms not disclosed. Its feature is in limited private preview in Grafana Cloud Logs.

    A tuck-in, not a big bet. Earlier buys (k6, Pyroscope, Asserts) were also small and became products.

    Grafana Labs blog, Apr 21, 2026
  5. 05
    Good

    Five-year deal with AWS.

    Mar 2026 strategic collaboration agreement: joint selling, AWS credits for new customers, sales through AWS Marketplace. No dollar figure.

    Selling through AWS budgets makes big-company deals easier to close.

    Grafana Labs, Mar 10, 2026
  6. 06
    Watch

    A rival was bought by a security giant.

    Palo Alto Networks closed its purchase of Chronosphere on Jan 29, 2026, to tie monitoring to its security products.

    Big platforms want observability. More competition for Grafana, and a sign of who might bid for it one day.

    Palo Alto Networks 8-K exhibit, Jan 29, 2026
  7. 07
    Good

    Cleared to sell to the US government.

    Apr 2025: FedRAMP High and IL5 for Grafana Federal Cloud, through Palantir's FedStart program.

    Opens defence and agency deals that need this approval.

    Grafana Labs, Apr 16, 2025
  8. 08
    Neutral

    No IPO filing.

    No filing reported. SiliconANGLE read the 2026 raise and the 2025 tender as signs of no near-term IPO.

    Equity likely stays illiquid outside company-run sales for a while.

    SiliconANGLE, Feb 13, 2026
04 · Who gets paid most

Sales is paid 45% over market. Engineering, 7% under.

Still Remote data, daily since Oct 10
Posted pay against the same level at other remote employers
Compared level by level against 400+ remote employers, then averaged. Number of posted ranges beside each team.
AI and ML listings, Oct 10 to Oct 31
2 → 0−100%
Remote listings, same days
106 → 120+13%

We save every company's roles, pay by team and level, AI share and churn every day, so each month this page can say more. Sparklines use their own scale.

05 · Built for the agentic era?

Can AI agents do business with Grafana Labs?

We checked the agent payment programs, developer docs and site rules an AI assistant would meet.

Our verdict

Built for agents already. Hosted MCP, an agent CLI and docs agents can read.

Still Remote read
LiveNot found
  1. A hosted MCP server
    Grafana Cloud MCP server at mcp.grafana.com, GA since Jul 2026, with OAuth sign-in. Works with Claude Desktop and Cursor.
    Grafana Labs, Jul 27, 2026
    Yes
  2. A command line built for coding agents
    gcx manages Grafana as code and works with Claude Code, GitHub Copilot and Cursor. GA Jul 2026.
    Grafana Labs, Jul 27, 2026
    Yes
  3. Docs that AI tools can read
    grafana.com/llms.txt and /docs/llms.txt index the docs, and any docs page comes as Markdown by adding .md.
    checked Oct 31, 2026
    Yes
  4. Lets AI crawlers read its site
    robots.txt allows every bot everywhere except one API path. No AI bot is named.
    checked Oct 31, 2026
    Yes
  5. Sells monitoring of AI agents
    Agent Observability is GA: tracks agents' cost, latency, errors and behaviour through OpenTelemetry.
    Grafana Labs, Oct 20, 2026
    Yes
  6. Agent-to-agent protocols (A2A)
    No A2A support mentioned in its 2026 agent announcements.
    Searched Oct 31, 2026
    Not found
05 · Inside the company

Where Grafana Labs puts AI to work.

AI and ML job titles, share of open remote listings
Grafana Labs
0.0%
Every company we track
6.2%
0 of 120 Grafana Labs listings on Oct 31. Scale 0% to 10%.
  1. 1
    Staff use its AI assistant daily
    A Sept 2025 company post shows engineers using Grafana Assistant to write log queries, read traces in incidents and build usage dashboards.
    Grafana Labs blog, Sep 11, 2025
  2. 2
    The assistant runs on Claude
    Anthropic's case study says Grafana Assistant uses Claude Sonnet for hard tasks and Haiku for summaries, and went from prototype to private preview in under eight weeks.
    Anthropic customer story
06 · What the hiring says

Fewer listings than on Sep 18, led by engineering.

Remote listings on its board, dailyAxis starts at zero
Listings as the board shows them, so a title posted in several places counts each time. Team counts are open roles, repeated titles once.
47 of 118
roles are engineering
45
sales roles, the next biggest team
8
countries named in its remote roles, led by United States
+9
new roles in the last 7 days
06 · From its own channel

What Grafana Labs shows about working there.

Short videos from Grafana Labs's official YouTube channel, played here. We only use a channel that links grafana.com and carries the company's name.

  • Life at work
    What does a Grafana AI offsite look like?
    193 views
  • The Next Evolution of Grafana: Pages
    1 thousand views
  • What it's like to be at ObservabilityCON 2026
    277 views
  • Landing on the Moon with Grafana and Thermal Engineering | Grafana Everywhere
    1 thousand views
  • Show or hide empty panels and tailor your dashboards | Grafana
    884 views
  • An Award-Winning Grafana Project That Tracks the Northern Lights | Grafana Everywhere
    635 views
  • Using Grafana AI plan mode to preview and edit dashboards before building
    577 views
  • How to hide and organize Grafana dashboard variables
    477 views
From Grafana on YouTube. 1 of 8 are about life at work; the rest are its own marketing.
07 · Private scenario builder

What has to be true for $9 billion to hold?

The starting revenue is Grafana Labs's own reported figure. A way to think, not a forecast, and not investment advice.

ARR over $600M, Grafana Labs press release, Aug 26, 2026. A $9B raise was reported in Feb 2026 but not confirmed.
Reported: +50%.
Competition
Economy
At the Reported round price, about $15 per $1.
$
Worth in two years, in your world
$20.3B
+125% vs the $9.00B Reported round
$1.35B revenue, growing +50% a year after competition and the economy
Reported round $9.00B
$0$22.3B
Up round territory

At 15x, Grafana Labs needs $600 million of revenue to be worth $9 billion. Your world gets there with $1.35 billion, so the next round likely prices above the last.

Your equity, two years out
$225,000

$100,000 of equity valued at the $9.00B Reported round price would be worth about $225,000 on paper in this world, before dilution from new rounds, taxes and vesting. Private shares only turn into cash at a sale, an IPO or a tender offer.

A way to think, not a forecast, and not investment advice.

Grafana Labs, Aug 2024; Aug 2026
08 · Where it looks headed

The signals, and which way they push.

  1. Tailwind
    AI companies need watching too.

    It sells monitoring for AI agents, and names Anthropic and NVIDIA as customers. Most new customers in early 2026 used the AI assistant to get started.

  2. Tailwind
    Customers buy more each year.

    Products per contract customer rose from 2.3 to 4.4 in two years.

  3. Tailwind
    AWS is now a sales channel.

    A five-year AWS agreement adds joint selling and Marketplace buying.

  4. Headwind
    Big platforms are buying in.

    Palo Alto Networks bought Chronosphere in Jan 2026 to fold monitoring into security. Datadog, Dynatrace and Elastic compete head on.

09 · Bold predictions

Where Grafana Labs ends up, if we had to bet.

Our calls, not facts. Each one is tied to something that already happened, so you can judge the reasoning.

  1. 1

    Grafana Labs files to go public by 2031.

    Coin flip 50%IPO

    ARR of $600M growing about 50% is public-company scale. But the reported 2026 raise and staff tenders let it wait, and press read no near-term plans.

    SiliconANGLE, Feb 2026; Grafana Labs, Aug 2026
  2. 2

    ARR passes $1 billion before 2030.

    Likely 72%Revenue

    It went from $250M to $600M in two years. Even at half that pace, $1B comes within about three years.

    Grafana Labs, Aug 2026
  3. 3

    Agents handle first response on most Grafana Cloud incidents.

    Likely 72%AI

    Watchers and Investigations are GA, and sandboxes that open fix PRs are in preview. 18,000 organisations already use the assistant.

    Grafana Labs, Oct 2026
  4. 4

    Grafana Labs is bought outright.

    Long shot 16%M&A

    At a reported $9B, few buyers can pay, and Chronosphere already went to Palo Alto. Grafana itself buys small teams like Logline.

    SiliconANGLE, Feb 2026
  5. 5

    Monitoring folds into security and cloud platforms, and Grafana stays the main independent open option.

    Coin flip 50%Competition

    Palo Alto bought Chronosphere to pair with security. Grafana's answer is open source plus partners like AWS.

    Palo Alto Networks, Jan 2026; Grafana Labs, Mar 2026

Read by the Still Remote research agent on November 1, 2026 from the sources linked on this page. Facts and scenarios only, not investment advice.