Datadog

Last updated

Datadog, Inc.
Company type Public
Industry System Monitoring
Founded2010;14 years ago (2010), in New York City
Founders
  • Olivier Pomel
  • Alexis Lê-Quôc
Headquarters New York City, New York, U.S.
Area served
Worldwide
Key people
  • Olivier Pomel (CEO)
  • Alexis Lê-Quôc (CTO)
ProductsDatadog
RevenueIncrease2.svg US$2.13 billion (2023)
Increase Negative.svgUS$−33 million (2023)
Increase2.svgUS$48.6 million (2023)
Total assets Increase2.svgUS$3.94 billion (2023)
Total equity Increase2.svgUS$2.03 billion (2023)
Number of employees
5,200 (2023)
Website datadoghq.com
Footnotes /references
[1]
Datadog at Google Cloud Summit DatadogGoogleCloudSummit.jpg
Datadog at Google Cloud Summit

Datadog, Inc. provides an observability and security SaaS platform for cloud applications. The platform helps corporations monitor servers, databases, software tools, and infrastructure services. [2]

Contents

Datadog's platform consolidates comprehensive traces, metrics, and logs to enable full observability of applications, infrastructure, and third-party services. These functionalities assist businesses in safeguarding their systems, preventing disruptions, and ensuring an excellent user experience. [3]

History

Datadog was founded in 2010 [4] 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 could 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 a dashboard, alerting, and visualizations of metrics. As cloud adoption increased, Datadog grew rapidly and expanded its product offering to cover service providers including Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, Red Hat OpenShift, VMware, and OpenStack. [5]

In 2015, Datadog announced the acquisition of Mortar Data, [6] bringing on its team and adding its data and analytics capabilities to Datadog's platform. That year, Datadog also 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, [8] which doubled over the course of the year. Datadog announced the beta-release of Application Performance Monitoring in 2016, [9] offering for the first time a full-stack monitoring solution. As of 2017, the company has close to 300 employees, the vast majority of which are located in the US (with offices in Manhattan, Boston, and Baltimore) and a new R&D facility in Paris. [10]

In 2017, Datadog acquired the Paris-based Logmatic.io, a platform-agnostic service for querying and visualizing logs to monitor and troubleshoot online services. [11] [12] In 2019, Madumbo, an AI-based application testing platform, joined Datadog. [13] [14]

In 2019, Datadog established a Japanese subsidiary in Tokyo with enterprise technology veteran, Akiyoshi Kunimoto, as Country Manager for Japan. [15] [16]

In February 2022, Datadog acquired CoScreen, a video collaboration tool. [17]

In August 2022, Datadog acquired Seekret, an API observability company. [18]

In November 2022, it was announced Datadog had acquired the New York-based visualization service for cloud and system architects, Cloudcraft, for an undisclosed sum. [19]

The company’s revenue for 2023 was $2.13 billion (27% growth), operating cash flow was $660.0 million, and free cash flow was $597.5 million.

In 2023, the company expanded its strategic partnership with Google Cloud, making Datadog one of the first partners in AI/ML surveillance solutions for the Vertex AI. [20]

Technology

Datadog uses a Go-based agent, rewritten from scratch since its major version 6.0.0 released on February 28, 2018. [21] It was formerly Python-based, [22] forked from the original created in 2009 by David Mytton [23] 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. [24]

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. Today, the company supports over 600 integrations.

Datadog high-level architecture Datadog high-level architecture.svg
Datadog high-level architecture

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. [25] In 2014, Datadog raised a $15 million Series B round led by OpenView Venture Partners, [26] followed by a $31 million Series C round led by Index Ventures in 2015. [27] Datadog opened 2016 with a $94.5 million Series D round led by ICONIQ Capital, [28] one of the largest funding rounds for a New York City company during that year. [29]

Datadog went public on the Nasdaq exchange on September 19, 2019, selling 24 million shares and raising $648 million. [30]

Reception

Datadog was listed in Forbes' Cloud 100 [31] and was ranked in the top ten fastest growing companies in North America in Deloitte's 2016 Fast 500 List. [32] In both 2015 [33] and 2016, [34] Crain's named Datadog to its list of the 100 Best Places to Work in New York City. Datadog was also listed on Wealthfront's 2017 Career-Launching Companies List [35] and Business Insider's 51 enterprise startups to bet your career on in 2017. [36] BuiltIn named it Boston's 5th top company to work for in 2019. [37]

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References

  1. ↑ "Datadog Annual Report FY 2023 Form 10-K". U.S. Securities and Exchange Commission. 23 February 2024.
  2. ↑ Datadog (14 July 2016). "Cloud Monitoring as a Service". Datadog. Retrieved 20 April 2024.
  3. ↑ "Understanding the key features of Datadog". www.neebal.com. Retrieved 20 April 2024.
  4. ↑ 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.
  5. ↑ 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.
  6. ↑ Kepes, Ben. "DataDog Acquires Mortar Data To Tie Analytics To Monitoring". Forbes. Retrieved 29 March 2018.
  7. ↑ O'Brien, Chris (7 October 2015). "Datadog's French founders announce their NY-based company will open Paris R&D office". VentureBeat. Retrieved 29 March 2018.
  8. ↑ "Datadog Moves Into The New York Times Building, Listed In Forbes' Cloud 100 and Other Awards". Business Wire. 3 November 2016. Retrieved 29 March 2018.
  9. ↑ Konrad, Alex (22 September 2016). "Cloud Startup Datadog's New App Monitoring Product Puts It On A Collision Course With New Relic". Forbes. Retrieved 29 March 2018.
  10. ↑ "Datadog – All of Your Cloud Infrastructure and Application Data in a Single Place". HostAdvice. February 2017. Retrieved 15 August 2017.
  11. ↑ Lardinois, Frederic (7 September 2017). "Datadog acquires Logmatic.io to add log management to its cloud monitoring platform". TechCrunch . Retrieved 7 September 2017.
  12. ↑ "Cloud monitoring company Datadog acquires log management platform Logmatic.io". VentureBeat. 7 September 2017. Retrieved 17 April 2020.
  13. ↑ "Datadog acquires app testing company Madumbo". TechCrunch. 12 February 2019. Retrieved 8 April 2019.[ permanent dead link ]
  14. ↑ "Datadog acquires French AI-powered app-testing startup Madumbo". VentureBeat. 12 February 2019. Retrieved 17 April 2020.
  15. ↑ "Datadog Establishes Japanese Subsidiary". Business Wire. November 2019. Retrieved 12 November 2019.
  16. ↑ "Datadog Announces Japan Country Manager". Yahoo! Finance . Retrieved 24 February 2020.
  17. ↑ "Datadog acquires CoScreen". PRWire. 10 February 2022. Retrieved 10 February 2022.
  18. ↑ "Datadog buys Israeli API observability co Seekret". Globes. 8 April 2022. Retrieved 8 August 2022.
  19. ↑ FinSMEs (5 November 2022). "Datadog Acquires Cloudcraft". FinSMEs. Retrieved 7 November 2022.
  20. ↑ "Datadog announced Q4 and Fiscal Year 2023 Financial Results". aiTechPark. Archived from the original on 21 April 2024. Retrieved 21 April 2024.
  21. ↑ GitHub, "Datadog / datadog-agent." Retrieved June 6, 2018.
  22. ↑ GitHub, "Datadog / dd-agent." Retrieved February 20, 2015.
  23. ↑ "First commit · DataDog/dd-agent@9311d42". GitHub. Retrieved 3 July 2016.
  24. ↑ Hakka Labs, Alexis Lê-Quôc, "Realtime Data Analytics at Datadog." January 9, 2014. Retrieved February 20, 2015
  25. ↑ Degeler, Andrii (20 November 2012). "Datadog secures $6.2m in funding from Index Ventures and RTP Ventures". TheNextWeb.com. Retrieved 29 March 2018.
  26. ↑ 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.
  27. ↑ 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.
  28. ↑ "Investors Feed Datadog A Hefty $94.5 Million Round – TechCrunch". Techcrunch.com. 28 January 2015. Retrieved 29 March 2018.
  29. ↑ Sodd, Anthony (3 January 2017). "NYC's 10 largest funding rounds of 2016". Built In NYC. Retrieved 29 March 2018.
  30. ↑ "Datadog pops 39% in Nasdaq debut as cloud software IPOs stay hot". CNBC . 19 September 2019. Retrieved 19 June 2020.
  31. ↑ Konrad, Alex. "Forbes Cloud 100: Meet The Private Companies Leading Cloud Computing In 2016". Forbes. Retrieved 29 March 2018.
  32. ↑ "2019 Technology Fast 500 Awards" (PDF). Archived from the original (PDF) on 21 November 2016. Retrieved 16 January 2017.
  33. ↑ "Crain's names 2015 Best Places to Work". CrainsNewYork.com. 18 September 2015. Retrieved 29 March 2018.
  34. ↑ "Crain's unveils the 100 Best Places to Work in New York City in 2016 | Crain's New York Business". CrainsNewYork.com. 28 September 2016. Retrieved 29 March 2018.
  35. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 18 January 2017. Retrieved 16 January 2017.{{cite web}}: CS1 maint: archived copy as title (link)
  36. ↑ "Datadog Careers", Datadog, 17 June 2021, retrieved 17 June 2021
  37. ↑ "100 Best places to work in Boston 2019". BuiltInBoston.com. January 1992. Retrieved 31 October 2019.
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