Datadog Raises $15M in Series B
NEW YORK, NY, SaaS-based monitoring and data analytics platform that provides a unified view of IT infrastructure today announced that it has raised $15 million in a Series B round.
Datadog, the SaaS-based monitoring and data analytics platform that provides a unified view of IT infrastructure today announced that it has raised $15 million in a Series B round led by OpenView Venture Partners, with follow-on investments from Index Ventures, RTP Ventures, Amplify Partners, IA Ventures and Contour Ventures. Dev Ittycheria, OpenView's Managing Director and former Founder and CEO of BladeLogic, will join the company's board of directors.
Datadog will use the latest financing to accelerate the development of its next-generation monitoring platform for highly scalable cloud infrastructure. The company will also be aggressively growing its engineering division and expanding its sales and marketing teams in New York and Boston to meet the increasing market demand.
'Increasingly organizations are shifting their computing workloads from static on-premise infrastructure to elastically scaling clouds,' said Ittycheria. 'Easily adding and changing compute capacity is a major benefit of the cloud, but also introduces a level of dynamism that overwhelms legacy monitoring systems. Datadog has created a monitoring platform that has been explicitly designed to monitor highly elastic compute environments on public or private clouds as well as to support traditional computing infrastructure.'
Datadog achieved dramatic growth in 2013, adding hundreds of customers and bringing over 30,000 servers onto its monitoring service. The company also further positioned itself for continued strong growth in 2014 by expanding its compatibility beyond Amazon Web Services (AWS) with the release of HP Cloud, Microsoft Azure, Red Hat OpenShift, and OpenStack integrations.
'Datadog has made it effortless for us to collect and analyze the metrics from our cloud application's infrastructure', said Steve Loyd, Director of Operations, Zendesk, 'As we scale, Datadog easily adapts to our infrastructure growth, frequently providing us with new insights into our platform.'
'We saw tremendous growth in 2013, and are thrilled by strong validation we are receiving from our customers and the market,' said Olivier Pomel, co-founder and CEO, Datadog, 'As more enterprises migrate their infrastructure to public or private clouds, we will continue to make it manageable at scale for them, and allow them to effortlessly improve performance, and accelerate their release cycles. This funding will help us attract premier talent and allow us to rapidly expand Datadog's business.'
Datadog is available for a 14 day free trial after signing up at http://www.datadog.com. Pricing begins at $15 per monitored host per month. Hourly pricing is available for non-persistent hosts.
Datadog is a monitoring service that brings together data from servers, databases, applications, tools and services to present a unified view of the infrastructure. These capabilities are provided on a SaaS-based data analytics platform that enables Dev and Ops teams to work collaboratively on the infrastructure to avoid downtime, resolve performance problems and ensure that development and deployment cycles finish on time.
About OpenView Venture Partners
OpenView Venture Partners (http://www.openviewpartners.com) is an expansion-stage venture capital fund based in Boston that is focused on high-growth software, Internet, and technology-enabled companies. Through its staff of seasoned operating executives, who collectively bring several decades of technology and management experience to the firm, OpenView is able to help portfolio companies quickly optimize their product, go-to-market, and organizational and operational functions. Founded in 2006, the firm invests globally and has approximately $440 million in total capital under management.
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