PagerDuty Raises $173M in Series Unknown

PagerDuty has successfully raised $173M in a Series Unknown at a $3B valuation led by Andreessen Horowitz, Bessemer Venture Partners, Accel, ICONIQ Capital, T. Rowe Price.

Company Overview

PagerDuty is a DevOps company headquartered in 600 Townsend Street, San Francisco, CA 94103, founded in 2009 with 900+ employees.

Incident response platform

Fundraising Details

Amount Raised: $173M
Round Type: Series Unknown
Valuation: $3B
Date: 2024-03-26
Investors: Andreessen Horowitz, Bessemer Venture Partners, Accel, ICONIQ Capital, T. Rowe Price

About PagerDuty

Incident response platform The company is positioned in the DevOps sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 600 Townsend Street, San Francisco, CA 94103
Founded: 2009
Team Size: 900+
Industry: DevOps

What This Means

This funding round demonstrates strong investor confidence in PagerDuty'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 DevOps sector continues to attract significant investment as companies innovate to meet evolving market demands. PagerDuty's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $3B valuation marks an important milestone for PagerDuty, positioning the company among notable players in the DevOps industry.

Looking Ahead

With this new capital, PagerDuty is well-positioned to execute on its growth strategy and continue building innovative solutions in the DevOps space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-03-26. For more information about PagerDuty, visit their headquarters at 600 Townsend Street, San Francisco, CA 94103.