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.
The Latest
App sprawl has been a concern for technologists for some time, but it has never presented such a challenge as now. As organizations move to implement generative AI into their applications, it's only going to become more complex ... Observability is a necessary component for understanding the vast amounts of complex data within AI-infused applications, and it must be the centerpiece of an app- and data-centric strategy to truly manage app sprawl ...
Fundamentally, investments in digital transformation — often an amorphous budget category for enterprises — have not yielded their anticipated productivity and value ... In the wake of the tsunami of money thrown at digital transformation, most businesses don't actually know what technology they've acquired, or the extent of it, and how it's being used, which is directly tied to how people do their jobs. Now, AI transformation represents the biggest change management challenge organizations will face in the next one to two years ...
As businesses focus more and more on uncovering new ways to unlock the value of their data, generative AI (GenAI) is presenting some new opportunities to do so, particularly when it comes to data management and how organizations collect, process, analyze, and derive insights from their assets. In the near future, I expect to see six key ways in which GenAI will reshape our current data management landscape ...
The rise of AI is ushering in a new disrupt-or-die era. "Data-ready enterprises that connect and unify broad structured and unstructured data sets into an intelligent data infrastructure are best positioned to win in the age of AI ...
A majority (61%) of organizations are forced to evolve or rethink their data and analytics (D&A) operating model because of the impact of disruptive artificial intelligence (AI) technologies, according to a new Gartner survey ...
The power of AI, and the increasing importance of GenAI are changing the way people work, teams collaborate, and processes operate ... Gartner identified the top data and analytics (D&A) trends for 2024 that are driving the emergence of a wide range of challenges, including organizational and human issues ...
IT and the business are disconnected. Ask the business what IT does and you might hear "they implement infrastructure, write software, and migrate things to cloud," and for some that might be the extent of their knowledge of IT. Similarly, IT might know that the business "markets and sells and develops product," but they may not know what those functions entail beyond the unit they serve the most ...
Cloud spending continues to soar. Globally, cloud users spent a mind-boggling $563.6 billion last year on public cloud services, and there's no sign of a slowdown ... CloudZero's State of Cloud Cost Report 2024 found that organizations are still struggling to gain control over their cloud costs and that a lack of visibility is having a significant impact. Among the key findings of the report ...
The use of hybrid multicloud models is forecasted to double over the next one to three years as IT decision makers are facing new pressures to modernize IT infrastructures because of drivers like AI, security, and sustainability, according to the Enterprise Cloud Index (ECI) report from Nutanix ...
Over the last 20 years Digital Employee Experience has become a necessity for companies committed to digital transformation and improving IT experiences. In fact, by 2025, more than 50% of IT organizations will use digital employee experience to prioritize and measure digital initiative success ...
