Cloud Monitoring service Datadog Raises $31M, Plans to Ramp Up Hiring
looking to increase its ranks and deepen the development of its expertise, Datadog, based totally in big apple, raised $ 31 million in a sequence C funding spherical led by way of Index Ventures, with RTP Ventures, OpenView partners, and others participating.
Datadog is a monitoring provider used by IT groups and builders who work with cloud-primarily based tool. CEO Olivier Pomel says the company’s sweet spot is buyers with apps used on a large scale that produce huge quantities of information. a few of Datadog’s shoppers embody Spotify, Lonely Planet, and facebook.
Pomel says a lot of his company’s customers are businesses that want to shift faraway from their legacy IT systems. “We see corporations, large and small, transitioning phase or all of their infrastructure to a public or non-public cloud,” he says.
Datadog gives monitoring and analytics services throughout such moves and continues working with the businesses afterwards, says Pomel. “We sit down on high of a major quantity of data from our customers about their infrastructure,” he says. “It opens up numerous alternatives for us to provide extra value to them in the long term.”
The cloud services and products sector is ripe for some modifications, Pomel says. Amazon used to be an early chief, he says, and outlined many components of the general public cloud. “They personal the market these days,” he says. “most of the people who’re working at scale on the cloud are on Amazon.”
That dominant position may be tested, he says, as opponents akin to Google and Microsoft gain traction. He also sees options emerging in private cloud computing, particularly with software container expertise on the rise from firms corresponding to Docker.
the brand new funding for Datadog, Pomel says, can be used partly on new hires in engineering and advertising as well as investment in analysis and construction. Datadog has a personnel of seventy five, which he says has tripled in size in view that closing year, and is looking to proceed to develop at that % together with at its Boston office. the corporate up to now raised $ 22 million, Pomel says, and its complete funding thus far is $ 53 million.
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