Cribl.io

Cribl.io
Company typePrivate
IndustrySoftware
FoundedJuly 2018; 6 years ago (July 2018)
FoundersClint Sharp, Dritan Bitincka, Ledion Bitincka
HeadquartersSan Francisco, California, U.S.
Revenue$100 million (2023)
Number of employees
≈ 700 (2024)
Websitecribl.io

Cribl.io is an American company developing a data platform for information technology and security operations teams.[1] Their core function revolves around simplifying and managing the massive amount of data generated by various software systems within an organization.[2][3] Founded in 2018 by Clint Sharp, Ledion Bitincka, and Dritan Bitincka, the company is headquartered in San Francisco, California. Its mascot is a goat named Ian.[4][5] In October 2022, Splunk filed a lawsuit against Cribl, alleging that the company based its business on stolen intellectual property.[6]

History

[edit]

Cribl.io was established in San Francisco, California, in July 2018 by Clint Sharp, Ledion Bitincka, and Dritan Bitincka.[4][7]

In February 2019, the company secured $4 million in seed funding; by October of the same year, it launched Cribl Stream 2.0. Cribl completed its Series A funding round in April 2020, securing $7.4 million, and its Series B funding round in October 2020, raising $35 million, led by Sequoia Capital.[8] That same year, it launched Cribl.Cloud for onboarding data to SaaS logging tools, metric databases, and cloud data warehouses.[9]

The company was listed among The Information 50 Most Promising Startups in 2020.[10][11]

Cribl.io launched AppScope, an Apache-licensed, open-source, black-box instrumentation technology, in April 2021.[12] The company's Series C funding of $200 million in August 2021 was led by Greylock Partners and Redpoint Ventures, joined by new investor IVP, with participation from Sequoia, CRV, and Citi Ventures.[13][14]

In May 2022 Cribl secured $150M in Series D funding led by Tiger Global Management and joined by existing investors IVP, CRV, Redpoint Ventures, Sequoia, and Greylock.[15][13][4] This round brought total funding to $400 million.[16][17]

In October 2022, Splunk, an American technology company, filed a lawsuit against Cribl.io, alleging that the company based its business on stolen intellectual property. Cribl released a public statement denying Splunk's allegations.[18] CrowdStrike introduced CrowdStream in cooperation with Cribl.[19]

In October 2023, Cribl.io became the fourth-fastest infrastructure company to reach centaur status ($100 million annual recurring revenue).[20][21]

References

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  1. ^ staff, CNBC com (2022-11-07). "Cribl: 2022 Top Startups for the Enterprise". CNBC. Retrieved 2023-12-21.
  2. ^ Kerner, Sean Michael (2024-06-10). "Cribl flies forward with data engine AI copilot for IT and security". VentureBeat. Retrieved 2024-06-19.
  3. ^ Bort, Julie; Bergman, Ben; Rafieyan, Darius; Rao, Leena; Renbarger, Madeline; Stokes, Samantha; Persaud, Vishal. "73 of the most promising startups of 2023, according to top VCs". Business Insider. Retrieved 2024-06-19.
  4. ^ a b c Sawers, Paul (2022-05-24). "Data observability company Cribl raises $150M". VentureBeat. Retrieved 2024-06-19.
  5. ^ "Cribl | Company Overview & News". Forbes. Retrieved 2023-12-21.
  6. ^ "Splunk suit claims Cribl built on stolen log management IP | TechTarget". IT Operations. Retrieved 2024-06-19.
  7. ^ Whiting, Rick. "Cribl Raises $150M In Funding, Expands Data Observability Pipeline Lineup | CRN". www.crn.com. Retrieved 2024-06-19.
  8. ^ "Cribl sets out to fix IT observability lock-in with $35M from Sequoia and CRV". SiliconANGLE. 2020-10-15. Retrieved 2024-06-19.
  9. ^ "AWS Partner Highlights". partners.amazonaws.com. Retrieved 2024-06-19.
  10. ^ Efrati, Amir (December 2, 2020). "What We Learned From The Information's List of the 50 Most Promising Startups". theinformation.com. Retrieved 2024-06-19.
  11. ^ "The Information 50 Most Promising Startups". theinformation.com. Retrieved 2024-06-19.
  12. ^ criblio/appscope, GitHub, 2024-05-31, retrieved 2024-06-19
  13. ^ a b "Tiger Global leads $150M into Cribl". Inside. Retrieved 2024-06-19.
  14. ^ Wiggers, Kyle (2021-08-25). "Data observability startup Cribl brings in $200M". VentureBeat. Retrieved 2024-06-19.
  15. ^ Wiggers, Kyle (2022-05-24). "Cribl raises $150M to beat back rival observability tools". TechCrunch. Retrieved 2024-06-19.
  16. ^ "Cribl Raises $150M in Series D Funding". FinSMEs. 2022-05-24. Retrieved 2024-06-19.
  17. ^ "Cribl raises $150M for building next-gen edge data observability solutions | Edge Industry Review". www.edgeir.com. Retrieved 2024-06-19.
  18. ^ "Splunk suit claims Cribl built on stolen log management IP | TechTarget". IT Operations. Retrieved 2024-06-19.
  19. ^ Alspach, Kyle. "RSAC 2023 Sees Big Moves From SentinelOne, CrowdStrike, Google Cloud, Accenture | CRN". www.crn.com. Retrieved 2024-06-19.
  20. ^ Mellor, Chris (2023-12-11). "Storage news ticker – December 11". Blocks and Files. Retrieved 2024-06-19.
  21. ^ Chowdhry, Amit (2023-11-04). "Cribl: Over $100 Million In ARR Achieved". Pulse 2.0. Retrieved 2024-06-19.
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