Datadog Raises $147M in Series E
Datadog has successfully raised $147M in a Series E at a $10.9B valuation led by Index Ventures, ICONIQ Capital, Amplify Partners, OpenView Venture Partners, RTP Ventures.
Company Overview
Datadog is a Monitoring company headquartered in 620 8th Avenue, New York, NY 10018, founded in 2010 with 4000+ employees.
Cloud monitoring platform
Fundraising Details
- Amount Raised: $147M
- Round Type: Series E
- Valuation: $10.9B
- Date: 2024-01-31
- Investors: Index Ventures, ICONIQ Capital, Amplify Partners, OpenView Venture Partners, RTP Ventures
About Datadog
Cloud monitoring platform The company is positioned in the Monitoring sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 620 8th Avenue, New York, NY 10018
- Founded: 2010
- Team Size: 4000+
- Industry: Monitoring
What This Means
This funding round demonstrates strong investor confidence in Datadog's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Monitoring sector continues to attract significant investment as companies innovate to meet evolving market demands. Datadog's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $10.9B valuation marks an important milestone for Datadog, positioning the company among notable players in the Monitoring industry.
Looking Ahead
With this new capital, Datadog is well-positioned to execute on its growth strategy and continue building innovative solutions in the Monitoring space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-01-31. For more information about Datadog, visit their headquarters at 620 8th Avenue, New York, NY 10018.
