Datadog Raises $650M in Series E
Datadog has successfully raised $650M in a Series E at a $7.5B valuation led by ICONIQ Growth, Tiger Global.
Company Overview
Datadog is a Enterprise Software company headquartered in New York, NY, founded in 2010 with 3000+ employees.
Monitoring and analytics platform
Fundraising Details
- Amount Raised: $650M
- Round Type: Series E
- Valuation: $7.5B
- Date: 2019-08-14
- Investors: ICONIQ Growth, Tiger Global
About Datadog
Monitoring and analytics platform The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: New York, NY
- Founded: 2010
- Team Size: 3000+
- Industry: Enterprise Software
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 Enterprise Software 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 $7.5B valuation marks an important milestone for Datadog, positioning the company among notable players in the Enterprise Software industry.
Looking Ahead
With this new capital, Datadog is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software 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 2019-08-14. For more information about Datadog, visit their headquarters at New York, NY.
