Datadog
Datadog, Inc. provides an observability and security SaaS platform for cloud applications. The platform helps corporations monitor servers, databases, software tools, and infrastructure services.[2]
Company type
- Nasdaq: DDOG (Class A)
- Nasdaq-100 component
2010, in New York City
- Olivier Pomel
- Alexis Lê-Quôc
New York City, New York, U.S.
Worldwide
Datadog
US$2.13 billion (2023)
US$−33 million (2023)
US$48.6 million (2023)
US$3.94 billion (2023)
US$2.03 billion (2023)
5,200 (2023)
Datadog's platform consolidates comprehensive traces, metrics, and logs to enable full observability of applications, infrastructure, and third-party services. These functionalities assist businesses in safeguarding their systems, preventing disruptions, and ensuring an excellent user experience.[3]
History[edit]
Datadog was founded in New York City in 2010[4] by Olivier Pomel[5] and Alexis Lê-Quôc[6], who met while working at Wireless Generation. After Wireless Generation was acquired by NewsCorp, the two set out to create a product that would reduce the friction they experienced between developer and systems administration teams, who were often working at cross-purposes.
They built Datadog to be a cloud infrastructure monitoring service, with dashboards, alerting, and visualizations of metrics. As cloud adoption increased, Datadog grew rapidly and expanded its product offerings to cover service providers including Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, Red Hat OpenShift, VMware, and OpenStack.[7]
In 2015, Datadog announced the acquisition of Mortar Data,[8] bringing on its team and adding its data and analytics capabilities to Datadog's platform. That year, Datadog also opened a research and development office in Paris.[9]
In 2016, Datadog moved its New York City headquarters to a full floor of the New York Times Building to support its growing team,[10] which doubled over the course of the year. Datadog announced the beta-release of Application Performance Monitoring in 2016,[11] offering for the first time a full-stack monitoring solution. As of 2017, the company has close to 300 employees, the vast majority of which are located in the US (with offices in Manhattan, Boston, and Baltimore) and a new R&D facility in Paris.[12]
In 2017, Datadog acquired the Paris-based Logmatic.io, a platform-agnostic service for querying and visualizing logs to monitor and troubleshoot online services.[13][14] In 2019, Madumbo, an AI-based application testing platform, joined Datadog.[15][16]
In 2019, Datadog established a Japanese subsidiary in Tokyo with enterprise technology veteran, Akiyoshi Kunimoto, as Country Manager for Japan.[17][18]
In February 2022, Datadog acquired CoScreen, a video collaboration tool.[19]
In August 2022, Datadog acquired Seekret, an API observability company.[20]
In November 2022, it was announced Datadog had acquired the New York-based visualization service for cloud and system architects, Cloudcraft, for an undisclosed sum.[21]
Funding[edit]
In 2010, Datadog launched with a seed round, with participation by NYC Seed, Contour Venture Partners, IA Ventures, Jerry Neumann and Alex Payne, among others. In 2012, it raised a $6.2 million Series A round co-led by Index Ventures and RTP Ventures.[26] In 2014, Datadog raised a $15 million Series B round led by OpenView Venture Partners,[27] followed by a $31 million Series C round led by Index Ventures in 2015.[28] Datadog opened 2016 with a $94.5 million Series D round led by ICONIQ Capital,[29] one of the largest funding rounds for a New York City company during that year.[30]
Datadog went public on the Nasdaq exchange on September 19, 2019, selling 24 million shares and raising $648 million.[31]
Reception[edit]
Datadog was listed in Forbes' Cloud 100[32] and was ranked in the top ten fastest growing companies in North America in Deloitte's 2016 Fast 500 List.[33] In both 2015[34] and 2016,[35] Crain's named Datadog to its list of the 100 Best Places to Work in New York City. Datadog was also listed on Wealthfront's 2017 Career-Launching Companies List[36] and Business Insider's 51 enterprise startups to bet your career on in 2017.[37] BuiltIn named it Boston's 5th top company to work for in 2019.[38]
