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Cribl announced on August 27, 2024, that it closed an oversubscribed $319 million Series E at a $3.5 billion valuation. The financing included both primary and secondary components. GV led the round, with GIC, CapitalG, IVP and CRV participating. The $3.5 billion figure is the valuation attached to that 2024 financing—not a verified present-day valuation.
What Cribl’s Series E included
Cribl’s announcement described the $319 million financing as a combined primary and secondary transaction. Primary capital is invested in the company; secondary shares give existing shareholders liquidity. Axios reported that $119 million of the transaction was a secondary offering. Cribl’s release did not publish a full allocation between the two components, so the remaining amount should not be treated as a confirmed primary-capital figure. Cribl’s August 2024 announcement; Axios’s report.
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Who invested and what changed
Cribl said GV (Google Ventures) led the round, with GIC, CapitalG, IVP and CRV participating. GV General Partner Michael McBride joined Cribl’s board. Cribl also said the financing brought its cumulative capital secured since founding to more than $600 million. Cribl’s announcement.
Why the valuation needs a date
The $3.5 billion valuation was announced in connection with the August 2024 Series E. It is a financing-round valuation, not a public-market price or a verified estimate of what Cribl is worth today. The cited announcements do not establish a later valuation.
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Cribl sells enterprise software for IT and security telemetry. Its products are designed to collect, process, route, store, access and replay data across sources and destinations; its company overview lists Cribl Stream, Cribl Edge, Cribl Lake and Cribl Search. The company framed its funding around helping organizations manage growing data volumes and choose how to handle telemetry. Cribl’s company overview.
Cribl’s reported operating metrics
At the time of the 2024 financing, Cribl said it had exceeded $100 million in annual recurring revenue (ARR). The company also reported a 163% ARR compound annual growth rate over four years, net dollar retention above 130% over the preceding 12 months, and an increase of more than 300% in customers purchasing multiple products over the preceding 12 months. These are company-reported figures in its announcement, not independently audited results. Cribl’s August 2024 release.
On January 22, 2025, Cribl reported ARR above $200 million and year-over-year ARR growth above 70%. That later company-reported operating milestone does not announce or establish a new valuation. Cribl’s January 2025 release.
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- Funding: $319 million was the total announced Series E financing; it included both primary and secondary components.
- Secondary liquidity: Axios reported $119 million in secondary shares. That figure does not, by itself, establish the exact primary amount.
- Valuation: $3.5 billion was the valuation attached to the 2024 round, not a current verified valuation.
- Operating performance: ARR, growth, retention and multi-product adoption figures were reported by Cribl and measure different things from valuation.
Cribl’s co-founder and CEO Clint Sharp said in the company announcement, “We started Cribl to solve these real problems for real users. Today’s funding proves the value in that approach.” This was Sharp’s statement about the financing, rather than an independent assessment of the company’s value. Cribl’s announcement.
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