-21%

est. 2Y upside i

DevOps & InfraSeries D+

Observability pipeline platform for routing and processing machine data

Rank

#2737

Sector

Observability / Data Infrastructure

Est. Liquidity

~3Y

Data Quality

Data: Medium

Cribl offers credible observability play but secondary-primary gap is a red flag.

Last updated: March 20, 2026

Bull (30%)+100%

IPO 2027 at 12-15x ARR on $450-500M ARR. FedRAMP drives federal expansion.

Base (45%)+25%

IPO/acquisition 2027-2028 at 8-10x on $400M ARR. Modest upside from $3.5B.

Bear (25%)-40%

Secondary pricing proves right. Splunk/Datadog bundling. Down round.

Est. time to liquidity~2.5 years
Adjusted for competitive dynamics: 36% (raw: -21%, adjustment: +5%)

Preference Stack Risk

high

Funding Intensity

17%

$600M raised; sub-$3.5B exit erodes common.

Dilution Risk

moderate

Series E ~17% dilution; 15-20% more before IPO.

Secondary Liquidity

limited

Secondary exists at discount; planned 2026 offering.

Other — 66 roles

View all 66 open roles at Cribl →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Cribl's data — designed to show you've done your homework.

  • 1

    “Current NRR?”

  • 2

    “Cisco/Splunk competitive response?”

  • 3

    “2026 secondary offering structure?”

Cluster Peers

Expected Upside

Grafana Labs
-12%
Cribl
-21%
Coralogix
-68%

Community

Valuation Sentiment

Our model estimates -21% upside. What do you think?

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Community Discussion

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.