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Grafana Labs Closes $24M in Series A Funding to Double Down on Open Source Strategy

New York based open source time series analytics platform raised a $24m Series A led by Lightspeed.

“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-founder of Grafana Labs and creator of the Grafana project. “With today's announcement, we’re staying true to our roots while reimagining what’s possible by accelerating our investments in both open source projects and commercial products." Douglas Hanna joins Grafana Labs as COO after most recently serving as VP, Operations at Zendesk. At Grafana Labs, he will be responsible for all go-to-market functions and internal operations. Dave Kranowitz joins Grafana Labs as VP, Global Sales after spending the last ten years leading sales teams at Turbonomic and Dynatrace.

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capital markets, financings