Cribl – a data engine for IT and Security – recently announced that it has surpassed $100 million in annual recurring revenue (ARR), growing from $1 million to $100 million in ARR in less than four years. And Cribl becomes the fourth-fastest infrastructure company to reach centaur status, following Wiz (1.5 years), HashiCorp (3 years), and Snowflake (3.5 years), and just ahead of Datadog (4.5 years).
To drive its next growth phase, the data company has launched Cribl.Cloud in Europe, bringing the industry’s leading observability pipeline, intelligent agent, and first search-in-place solution to global customers. And Cribl also appointed Matthew Kelly as SVP of Legal, Security, and IT and Dr. Grigori Melnik as SVP of Product to help drive future growth and innovation.
Cribl is now seeing growing customer demand for its products, including triple-digit ARR and customer growth in its most recent fiscal year. And Cribl customers now include one-third of the Fortune 100 companies, and its partner ecosystem continues to expand with recent strategic partnerships announced with AWS, CrowdStrike, and Exabeam.
Plus, Cribl now belongs to an elite class of companies that have reached the $100 million in ARR milestone. It’s estimated that only 0.02% of companies ever reach $100 million in ARR, which is an achievement that is around seven times more rare than unicorns.
Cribl.Cloud Now Available in Europe
Cribl also recently launched an international cloud region, located in Frankfurt, Germany, which makes Cribl’s full suite of products available to customers in Europe. And Cribl Stream, the industry’s leading observability pipeline, and Cribl Edge, an intelligent vendor-neutral agent, are now available to global customers on-premises and via Cribl.Cloud.
Now, for the first time, the industry’s first search-in-place solution Cribl Search, is available in Europe, enabling customers to search data without having to collect and store it first – which avoids the expense and complexity of ingesting all raw data. And bringing the full suite of Cribl products to Europe, this new cloud region supports low latency architecture, saves on data transfer costs, and enhances data security. Cribl achieved SOC 2 Type II and ISO 27001 certifications and fully complies with the European Union’s General Data Protection Regulation.
To support customers globally, Cribl customers are continuing to make investments throughout the region, including building its team across Europe.
Industry Veterans
Cribl also added two new leaders to its executive team. Matthew Kelly joins Cribl as SVP of Legal, Security, and IT. In this new role, Kelly is going to guide the company through its security and compliance roadmap, prioritizing the security of the company and its customers. Kelly has a long history in the industry, beginning his career with a Bay Area law firm, then helping to scale the legal and compliance functions at ServiceNow from IPO to $1 billion in annual revenue, and most recently leading global legal affairs, security, IT, and global real estate functions for ThoughtSpot.
Dr. Grigori Melnik is joining Cribl as SVP of Product, where he will oversee the product management, UX, and technical documentation teams. And Dr. Melnik brings deep product expertise and market knowledge to Cribl, having spent 25 years in the industry at companies including Microsoft, Splunk, MongoDB, and most recently, Tricentis where he was Chief Product Officer.
KEY QUOTES:
“As a future public company, this is an important milestone for us. Becoming one of the fastest companies to reach $100 million in ARR highlights our unique position in the market as the data engine for IT and Security. What’s most exciting about reaching this milestone as a data company is that we can continue to build a market specifically for IT and Security, with products purpose-built for our customers’ needs. I’m thankful for our customers, partners, investors, and employees for helping us get to this point, and I look forward to what we will accomplish together in the future.”
— Clint Sharp, Co-Founder and CEO at Cribl
“By surpassing the $100 million ARR milestone so quickly, Cribl has shown its strength in the market with growing customer demand and innovative products that are providing massive value to their customers. Cribl is reshaping what it means to be a data company by building products specifically catered to IT and Security teams, and we’re excited to continue to partner with them along this journey.”
— Scott Raney, Managing Director at Redpoint Ventures
