Datadog Clinches $94.5 Million Series D to Fuel its Business Operations
Date: Monday , February 01, 2016
Bengaluru: Datadog, a leading SaaS-based Cloud applications monitoring platform, successfully raises its series D funding round worth $94.5 million led by ICONIQ Capital. Its existing investors - Index Ventures, OpenView Ventures, Amplify Partners and Contour Ventures contributed to the funding round. Datadog will use the freshly raised capital to fuel its R&D of new products & services and also expand its business operations across Europe, U.S. and the Asian markets.
\"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,\" says Olivier Pomel, Co-Founder & CEO, Datadog.
Commenting on the investment, Shardul Shah, Partner, Index Ventures and Datadog board member says, \"Datadog is leading the way in how enterprises deploy and monitor their increasingly dynamic infrastructure. 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\".
Since its inception in 2010, Datadog has raised a total of $147.9 million in six funding rounds. In January last year, the company had raised $31 million in its series C round led by Index Ventures along with investments from RTP Ventures and OpenView Venture Partners. Just one month after this, it had acquired Mortar Data, a New York-based big data processing & analysis platform.