Datadog

Datadog, Inc.

Company type	Public
Traded as	Nasdaq: DDOG (Class A) Nasdaq-100 component
Industry	System Monitoring
Founded	2010; 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)
Products	Datadog
Revenue	US$2.13 billion (2023)
Operating income	US$−33 million (2023)
Net income	US$48.6 million (2023)
Total assets	US$3.94 billion (2023)
Total equity	US$2.03 billion (2023)
Number of employees	5,200 (2023)
Website	datadoghq.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

Founding years

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

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

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

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

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. Today^[when?], the company supports over 600 integrations.^{[citation needed]}

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.^[33] In 2014, Datadog raised a $15 million Series B round led by OpenView Venture Partners,^[34] followed by a $31 million Series C round led by Index Ventures in 2015.^[35] Datadog opened 2016 with a $94.5 million Series D round led by ICONIQ Capital,^[36] one of the largest funding rounds for a New York City company during that year.^[37]

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.^[38][39]

Reception

Datadog was listed in Forbes' Cloud 100^[40] and was ranked in the top ten fastest growing companies in North America in Deloitte's 2016 Fast 500 List.^[41] In both 2015^[42] and 2016,^[43] 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^[44] and Business Insider's 51 enterprise startups to bet your career on in 2017.^[45] BuiltIn named it Boston's 5th top company to work for in 2019.^[46]

References

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 Technologies". www.prnewswire.com (Press release). Retrieved 13 May 2024.
17. Dillet, Romain (12 February 2021). "Datadog to acquire application security management platform Sqreen". TechCrunch. Retrieved 13 May 2024.
18. "Datadog Completes Acquisition of Ozcode". www.prnewswire.com (Press release). Retrieved 13 May 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. "Datadog Completes Acquisition of CoScreen to Add Real-Time Collaboration for Developers". www.prnewswire.com (Press release). Retrieved 13 May 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. Degeler, Andrii (20 November 2012). "Datadog secures $6.2m in funding from Index Ventures and RTP Ventures". TheNextWeb.com. Retrieved 29 March 2018.
34. 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.
35. 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.
36. "Investors Feed Datadog A Hefty $94.5 Million Round – TechCrunch". Techcrunch.com. 28 January 2015. Retrieved 29 March 2018.
37. Sodd, Anthony (3 January 2017). "NYC's 10 largest funding rounds of 2016". Built In NYC. Retrieved 29 March 2018.
38. "Datadog pops 39% in Nasdaq debut as cloud software IPOs stay hot". CNBC. 19 September 2019. Retrieved 19 June 2020.
39. Primack, Dan (19 September 2019). "Datadog raises $648 million in IPO". Axios.
40. Konrad, Alex. "Forbes Cloud 100: Meet The Private Companies Leading Cloud Computing In 2016". Forbes. Retrieved 29 March 2018.
41. "2019 Technology Fast 500 Awards" (PDF). Archived from the original (PDF) on 21 November 2016. Retrieved 16 January 2017.
42. "Crain's names 2015 Best Places to Work". CrainsNewYork.com. 18 September 2015. Retrieved 29 March 2018.
43. "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.
44. "Wealthfront's Career-Launching Companies List: 2017 Edition" (PDF). Wealthfront. Archived from the original (PDF) on 18 January 2017. Retrieved 16 January 2017.
45. "Datadog Careers", Datadog, 17 June 2021, retrieved 17 June 2021
46. "100 Best places to work in Boston 2019". BuiltInBoston.com. January 1992. Retrieved 31 October 2019.

External links

• Official website

• Business data for Datadog:
  • Bloomberg
  • Google
  • Reuters
  • SEC filings
  • Yahoo!