Datadog 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 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.
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