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Datadog

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Datadog, Inc.
Company typePublic
IndustrySystem Monitoring
Founded2010; 14 years ago (2010), in New York City
Founders
  • Olivier Pomel
  • Alexis Lê-Quôc
HeadquartersNew York City, New York, U.S.
Area served
Worldwide
Key people
  • Olivier Pomel (CEO)
  • Alexis Lê-Quôc (CTO)
ProductsDatadog
RevenueIncrease US$2.13 billion (2023)
Negative increase US$−33 million (2023)
Increase US$48.6 million (2023)
Total assetsIncrease US$3.94 billion (2023)
Total equityIncrease US$2.03 billion (2023)
Number of employees
5,200 (2023)
Websitedatadoghq.com
Footnotes / references
[1]
Datadog at Google Cloud Summit

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. The mascot is a dog named Bits.[2]

History

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Founding years

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Datadog was founded in New York City in 2010[3] by Olivier Pomel[4] and Alexis Lê-Quôc,[5] 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.[6]

Company growth

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In 2015, Datadog opened a research and development office in Paris.[7]

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.[8] 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.[9]

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.[10]

Acquisitions

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In Feb 2015, Datadog announced its acquisition of Mortar Data to help tie analytics to data monitoring.[11]

In September 2017, Datadog announced its acquisition of Logmatic.[12]

In February 2019, Datadog announced its acquisition of Madumbo.[13][14]

In August 2020, Datadog announced its acquisition of Undefined Labs, a testing and observability company for developer workflows.[15]

In February 2021, Datadog announced its acquisition of Timber, a vendor agnostic, high-performance data pipeline.[16]

In February 2021, Datadog announced its acquisition of Sqreen, an application security platform for the modern enterprise.[17]

In November 2021, Datadog announced its acquisition of Ozcode, a live debugging solution that brings code-level visibility into production environments.[18]

In August 2022, Datadog announced its acquisition of Seekret, an API observability platform.[19]

In May 2022, Datadog announced its acquisition of HDIV.[20][21]

In Oct 2022, Datadog announced its acquisition of CoScreen, a tool for real-time collaboration.[22]

In November 2022, Datadog announced its acquisition of Cloudcraft, an infrastructure modeling solution that enables you to create dynamic architecture diagrams.[23]

In April 2023, Datadog announced its acquisition of Codiga, which provides powerful static code analysis that works across the development lifecycle.[24][25]

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.[26][user-generated source?]

Products

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Datadog offers a range of monitoring services to support engineering teams in effectively managing their cloud or hybrid environments. These services include Infrastructure Monitoring,[27] Network Performance Monitoring,[28] 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

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Datadog high-level architecture

Datadog uses a Go-based agent, rewritten from scratch since its major version 6.0.0 released on February 28, 2018.[29] It was formerly Python-based,[30] forked from the original created in 2009 by David Mytton[31] 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.[32]

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.[33]

Funding

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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.[34] In 2014, Datadog raised a $15 million Series B round led by OpenView Venture Partners,[35] followed by a $31 million Series C round led by Index Ventures in 2015.[36] Datadog opened 2016 with a $94.5 million Series D round led by ICONIQ Capital,[37] one of the largest funding rounds for a New York City company during that year.[38]

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.[39][40]

References

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  1. ^ "Datadog Annual Report FY 2023 Form 10-K". U.S. Securities and Exchange Commission. 23 February 2024.
  2. ^ "Press Kit". Datadog. Retrieved 22 February 2022.
  3. ^ Palmeri, Steph (27 July 2010). "Quick Note on SeedStart Demo Day". StephPalmeri.com. Archived from the original on 1 August 2010. Retrieved 16 November 2018. Here, the five SeedStart companies (DataDog, Introspectr, Lexeem, Reducify, and Risktail) debuted to over 100 venture capitalists, angel investors, and strategics from the New York City, Boston, Philadelphia, and Washington D.C. areas.
  4. ^ "Olivier Pomel | Entrepreneurs". ERShares. Retrieved 23 April 2024.
  5. ^ "Alexis Lê-Quôc". Forbes. Retrieved 23 April 2024.
  6. ^ Moriarty, Erin (29 January 2015). "Monitoring Service Datadog Gets $31M in Funding". Sdxcentral.com. Archived from the original on 21 February 2015. Retrieved 16 November 2016. Last year, support was broadened to multiple cloud service providers, including Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, and Red Hat OpenShift, and the company added OpenStack support as well. As of today, Datadog integrates monitoring and web operations data from almost 100 commonly used technologies in modern cloud applications.
  7. ^ Almeida, James (13 October 2015). "Datadog Opens New R&D Innovation Lab in Paris". Datadog. Retrieved 13 May 2024.
  8. ^ Mathurin, Desiree; Bockmann, Rich (25 May 2016). "Datadog | New York Times Building | 620 Eighth Avenue". The Real Deal. Retrieved 13 May 2024.
  9. ^ "Datadog Investor Presentation". Datadog.com. May 2024.
  10. ^ Tan, Gillian; Baker, Liana; King, Ian (18 September 2019). "Cisco Offered $7 Billion-Plus for DataDog As Company Prepares to IPO". Bloomberg News. Archived from the original on 22 February 2020.
  11. ^ Kepes, Ben. "DataDog Acquires Mortar Data To Tie Analytics To Monitoring". Forbes. Retrieved 13 May 2024.
  12. ^ Lardinois, Frederic (7 September 2017). "Datadog acquires Logmatic.io to add log management to its cloud monitoring platform". TechCrunch. Retrieved 13 May 2024.
  13. ^ Vizard, Mike (13 February 2019). "Datadog Acquires App Dev Testing Platform Madumbo". DevOps.com. Retrieved 13 May 2024.
  14. ^ Lardinois, Frederic (12 February 2019). "Datadog acquires app testing company Madumbo". TechCrunch. Retrieved 13 May 2024.
  15. ^ "Datadog acquires Undefined Labs to provide visibility into CI/CD workflows". 7 August 2020. Retrieved 13 May 2024.
  16. ^ "Datadog acquires Timber and Sqreen, reports lower-than-expected guidance". SiliconANGLE. 11 February 2021. Retrieved 1 November 2024.
  17. ^ Dillet, Romain (12 February 2021). "Datadog to acquire application security management platform Sqreen". TechCrunch. Retrieved 13 May 2024.
  18. ^ "Datadog buys Israeli API observability co Seekret". Globes. 8 April 2022. Retrieved 1 November 2024.
  19. ^ Sharma, Shubham (4 August 2022). "Datadog strengthens API observability with Seekret acquisition". VentureBeat. Retrieved 13 May 2024.
  20. ^ Kobialka, Dan (5 May 2022). "Security Testing Acquisition: Datadog Buys Hdiv Security". MSSP Alert. Retrieved 13 May 2024.
  21. ^ FinSMEs (6 May 2022). "Datadog To Acquire Hdiv Security". FinSMEs. Retrieved 13 May 2024.
  22. ^ "SD Times news digest: SharePoint Framework 1.14 Release Candidate; Salt Security raises $140 million in Series D; Datadog completes acquisition of CoScreen". SD Times. 10 February 2022. Retrieved 1 November 2024.
  23. ^ FinSMEs (5 November 2022). "Datadog Acquires Cloudcraft". FinSMEs. Retrieved 13 May 2024.
  24. ^ "Datadog Acquires Codiga to Expand Its Observability Platform". Built In NYC. Retrieved 13 May 2024.
  25. ^ MarketScreener (4 April 2023). "Datadog, Inc. acquired Codiga". MarketScreener. Retrieved 13 May 2024.
  26. ^ "Jonathan Parisot on LinkedIn: Actiondesk joins Datadog". www.linkedin.com. Retrieved 13 May 2024.
  27. ^ "Pride LGBT Phone Wallpapers for iPhone & Android". www.livewallpapers.com. Retrieved 27 April 2024.
  28. ^ Eissler, Eric (30 September 2022). "What Is Network Performance Monitoring and How Can You Implement It in Your Business?". Tech Genix.
  29. ^ GitHub, "Datadog / datadog-agent." Retrieved June 6, 2018.
  30. ^ GitHub, "Datadog / dd-agent." Retrieved February 20, 2015.
  31. ^ "First commit · DataDog/dd-agent@9311d42". GitHub. Retrieved 3 July 2016.
  32. ^ Hakka Labs, Alexis Lê-Quôc, "Realtime Data Analytics at Datadog." January 9, 2014. Retrieved February 20, 2015
  33. ^ Datadog, "Docs." Retrieved October 13, 2024.
  34. ^ Degeler, Andrii (20 November 2012). "Datadog secures $6.2m in funding from Index Ventures and RTP Ventures". TheNextWeb.com. Retrieved 29 March 2018.
  35. ^ Darrow, Barb (4 February 2014). "Datadog snags $15M to monitor and manage your cloud(s)". Gigaom. Archived from the original on 9 February 2014. Retrieved 29 March 2018.
  36. ^ Darrow, Barb (28 January 2015). "Datadog fetches $31M to beef up sales and engineering". Gigaom. Archived from the original on 29 January 2015. Retrieved 29 March 2018.
  37. ^ "Investors Feed Datadog A Hefty $94.5 Million Round – TechCrunch". Techcrunch.com. 28 January 2015. Retrieved 29 March 2018.
  38. ^ Sodd, Anthony (3 January 2017). "NYC's 10 largest funding rounds of 2016". Built In NYC. Retrieved 29 March 2018.
  39. ^ "Datadog pops 39% in Nasdaq debut as cloud software IPOs stay hot". CNBC. 19 September 2019. Retrieved 19 June 2020.
  40. ^ Primack, Dan (19 September 2019). "Datadog raises $648 million in IPO". Axios.
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