Datadog

Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange.

History

Founding years

Datadog was founded in New York City in 2010 by Olivier Pomel and Alexis Lê-Quôc, 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.

Company growth

In 2015, Datadog opened a research and development office in Paris.

In 2016, Datadog moved its New York City headquarters to a full floor of the New York Times Building to support its growing team, which doubled over the course of the year. Datadog announced the beta-release of Application Performance Monitoring in 2016, offering for the first time a full-stack monitoring solution. As of 2024, the company has more than 5,200 employees, the majority of which are located in the US, with offices in New York, Boston, Paris, Dublin, Denver,  San Francisco,  Amsterdam, Japan, Australia and Singapore.

Prior to Datadog's initial public offering (IPO) in September 2019, the company was offered over $7 billion to be acquired by Cisco, but rejected it in favor of going public.

Acquisitions

In Feb 2015, Datadog announced its acquisition of Mortar Data to help tie analytics to data monitoring.

In September 2017, Datadog announced its acquisition of Logmatic.

In February 2019, Datadog announced its acquisition of Madumbo.

In August 2020, Datadog announced its acquisition of Undefined Labs, a testing and observability company for developer workflows.

In February 2021, Datadog announced its acquisition of Timber, a vendor agnostic, high-performance data pipeline.

In February 2021, Datadog announced its acquisition of Sqreen, an application security platform for the modern enterprise.

In November 2021, Datadog announced its acquisition of Ozcode, a live debugging solution that brings code-level visibility into production environments.

In August 2022, Datadog announced its acquisition of Seekret, an API observability platform.

In May 2022, Datadog announced its acquisition of HDIV.

In Oct 2022, Datadog announced its acquisition of CoScreen, a tool for real-time collaboration.

In November 2022, Datadog announced its acquisition of Cloudcraft, an infrastructure modeling solution that enables you to create dynamic architecture diagrams.

In April 2023, Datadog announced its acquisition of Codiga, which provides powerful static code analysis that works across the development lifecycle.

In November 2023, Datadog announced its acquisition of Actiondesk, a cloud-based spreadsheet application that integrates with your live data sources, enabling you to access and join data from across your cloud stack.

Products

Datadog offers a range of monitoring services to support engineering teams in effectively managing their cloud or hybrid environments. These services include Infrastructure Monitoring, Network Performance Monitoring, Network Device Monitoring, Serverless Monitoring, and Cloud Cost Management to help businesses maintain the reliability, performance, and cost-effectiveness of their infrastructure and applications.

Technology

Datadog uses a Go-based agent, rewritten from scratch since its major version 6.0.0 released on February 28, 2018. It was formerly Python-based, forked from the original created in 2009 by David Mytton for Server Density (previously called Boxed Ice). Its backend is built using a number of open and closed source technologies including D3, Apache Cassandra, Kafka, PostgreSQL, etc.

In 2014, Datadog support was broadened to multiple cloud service providers including Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, and Red Hat OpenShift. As of October 2024, the company supports over 750 integrations.

Funding

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. In 2014, Datadog raised a $15 million Series B round led by OpenView Venture Partners, followed by a $31 million Series C round led by Index Ventures in 2015. Datadog opened 2016 with a $94.5 million Series D round led by ICONIQ Capital, one of the largest funding rounds for a New York City company during that year.

Datadog went public via an IPO on the Nasdaq exchange on September 19, 2019, selling 24 million shares and raising $648 million, valuing the company at $8.7 billion.

References

External links

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2010 establishments in New York City
2019 initial public offerings
American companies established in 2010
Companies listed on the Nasdaq
Internet properties established in 2010
Publicly traded companies based in New York City
Software companies based in New York City
Software companies established in 2010
Software companies of the United States
Software performance management
System monitors
Systems management
Website monitoring software