Datadog, the
leading SaaS-based monitoring platform for cloud applications, today
announced it has raised $94.5M in an oversubscribed Series D funding
round led by ICONIQ Capital with participation from existing investors
Index Ventures, OpenView Ventures, Amplify Partners, Contour Ventures
and other equity holders. The funding will be used for research and
development of new product offerings and expansion of Datadog's global
operations in Europe, Asia and the Americas.
"Datadog is leading the way in how enterprises deploy and monitor
their increasingly dynamic infrastructure," said Shardul Shah, Datadog
board member and partner at Index Ventures. "We started the journey
together with a beautifully-designed, easy-to-use product that delivered
value to customers very quickly. We have incredible momentum, and we're
looking forward to tackling an enormous opportunity to drive the cloud
infrastructure management market globally."
"Datadog is fortunate to count some of the most well-known names in
the enterprise among our customers, and we will continue to focus on
expanding integration and finding new ways to monitor cloud applications
to optimize enterprises' legacy and cloud infrastructures," said
Olivier Pomel, co-founder and CEO of Datadog. "This new funding will
allow us to bring new products to market and to continue our
international expansion to keep up with market demand as the transition
to public and private cloud platforms keeps accelerating."
"Since adopting Datadog as a critical component of our
instrumentation portfolio, visibility into the health and performance of
our products has improved dramatically," said Jason Hudak, vice
president of platform engineering at Twilio. "Our engineering teams are
armed with more valuable insights than ever before. The ease of adoption
and use means the level of effort and subsequent investment required to
on-board services in the future is minimal."
Since launching in 2010, Datadog has been adopted by thousands of
enterprises, including Twilio, Airbnb, Netflix, EA, Spotify, Warner
Bros. Games and AdRoll. Datadog allows operations and development teams
to turn the massive amounts of data produced by their apps, tools and
services into actionable insight. It integrates monitoring and web
operations data from more than a hundred commonly-used application
technologies, tools and infrastructure platforms.