Total amount raised
$11 Billions
Latest funding date
September, 2019
Location
Datadog has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers comprehensive cloud monitoring and security services, catering to a wide range of business needs.
Keep reading to explore the intricacies of Datadog's fundraising journey and the investors backing this robust platform.
What Is Datadog?
Datadog, founded in 2010 by Olivier Pomel and Alexis Lê-Quôc, is headquartered in New York City. The company specializes in providing a comprehensive monitoring and security platform for cloud applications.
Datadog's services include infrastructure monitoring, application performance monitoring, log management, and security monitoring, among others. These offerings cater to developers, IT operations teams, and business users, ensuring end-to-end visibility into the health and performance of IT infrastructure.
With a workforce of over 3,000 employees, Datadog continues to expand its reach and capabilities, solidifying its position as a leader in the cloud monitoring and security industry.
How Much Funding Has Datadog Raised?
- Seed Round
- Amount Raised: $1.2M
- Date: April 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build the core team.
- Series A
- Amount Raised: $6.2M
- Date: November 2012
- Lead Investors: Index Ventures, RTP Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand customer base.
- Series B
- Amount Raised: $15M
- Date: February 2014
- Lead Investors: OpenView
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Series C
- Amount Raised: $31M
- Date: January 2015
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series D
- Amount Raised: $94.5M
- Date: January 2016
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: For research and development of new product offerings and global expansion.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product development.
- Post-IPO Debt
- Amount Raised: Not publicly disclosed
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial position and support strategic initiatives.
- Post-IPO Debt
- Amount Raised: $870M
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund large-scale projects and potential acquisitions.
Datadog has raised a total of $1.02B. The current valuation is not publicly disclosed.
Key Investors
- Iconiq Capital
- Details: Iconiq Capital is a global multi-family office and merchant bank based in San Francisco. They manage the wealth of some of the world's most influential families and invest in high-growth technology companies.
- Investment Focus Areas: Technology, real estate, private equity.
- Notable Investments: Uber, Airbnb, Snowflake.
- Index Ventures
- Details: Index Ventures is a venture capital firm that invests in technology and life sciences companies. They have offices in London, San Francisco, and Geneva.
- Investment Focus Areas: Technology, life sciences, consumer internet.
- Notable Investments: Dropbox, Slack, Robinhood.
- OpenView Ventures
- Details: OpenView Ventures is a venture capital firm focused on expansion-stage software companies. They provide operational support to help companies scale.
- Investment Focus Areas: Software, SaaS, B2B technology.
- Notable Investments: Instructure, Expensify, Datadog.
- Amplify Partners
- Details: Amplify Partners is a venture capital firm that invests in early-stage technology companies. They focus on technical founders and transformative technology.
- Investment Focus Areas: Infrastructure software, data management, cybersecurity.
- Notable Investments: Fastly, Gremlin, Datadog.
- Contour Ventures
- Details: Contour Ventures is a venture capital firm that invests in early-stage technology companies. They are based in New York City and focus on enterprise SaaS and financial services.
- Investment Focus Areas: Enterprise SaaS, financial services, digital media.
- Notable Investments: BounceX, Movable Ink, Datadog.
What's Next for Datadog?
Datadog's future is brimming with opportunities, particularly in expanding its global operations and developing new product offerings. With a significant financial backing of $94.5 million from its Series D funding, the company is well-positioned to tap into the growing demand for cloud-based monitoring solutions and data analytics. This expansion into Europe, Asia, and the Americas could substantially increase its market share and customer base.
As Datadog continues to grow, future fundraising rounds seem likely to support its ambitious plans. However, the company will need to navigate challenges such as intense competition and the complexity of integrating with diverse application technologies. Maintaining high performance and reliability will be crucial as the platform scales. Despite these hurdles, Datadog's strategic focus on innovation and global expansion sets a promising stage for its continued success.
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