Grafana Labs announced a $220 million Series C investment round yesterday at a $3 billion valuation. I had Raj Dutt, CEO of Grafana Labs, on Founders Talk late last year — should I get him back on?

Congrats on the “B” Raj and team.

As with our previous rounds in 2019 and 2020, this funding will enable us to focus on accelerating the development of our open source observability platform and supporting the success of our community and our customers.

Here’s one example of how we’re pushing toward those goals: Earlier this year, we launched an “actually useful,” forever-free tier of Grafana Cloud that provides the industry’s most generous no-cost, fully managed observability stack, with 50GB of Loki logs, 10,000 series of Prometheus metrics, and 3 Grafana dashboard users included. Now, we’re adding 50GB of traces to the free plan, leveraging our Grafana Tempo OSS project, which recently became generally available for production use.