Datadog Explained

Datadog, Inc.
Type:Public
Industry:System Monitoring
Products:Datadog
Founded:, in New York City
Area Served:Worldwide
Num Employees:5,200 (2023)
Revenue: (2023)
Operating Income: (2023)
Net Income: (2023)
Assets: (2023)
Equity: (2023)
Footnotes:[1]

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]

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 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, the company supports over 600 integrations.

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. BuiltIn named it Boston's 5th top company to work for in 2019.[45]

External links

NASDAQ:

Notes and References

  1. Web site: Datadog Annual Report FY 2023 Form 10-K . 23 February 2024 . U.S. Securities and Exchange Commission.
  2. Web site: Press Kit. Datadog. 2022-02-22.
  3. Web site: Quick Note on SeedStart Demo Day . 16 November 2018 . Palmeri . Steph . 27 July 2010 . StephPalmeri.com . 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. . https://web.archive.org/web/20100801231724/http://www.stephpalmeri.com/post/867616712/quick-note-on-seedstart-demo-day . 1 August 2010 .
  4. Web site: Olivier Pomel Entrepreneurs . 2024-04-23 . ERShares . en-US.
  5. Web site: Alexis Lê-Quôc . 2024-04-23 . Forbes . en.
  6. Web site: Monitoring Service Datadog Gets $31M in Funding . 16 November 2016 . Moriarty . Erin . 29 January 2015 . Sdxcentral.com . 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. . https://web.archive.org/web/20150221025805/https://www.sdxcentral.com/articles/news/monitoring-service-datadog-gets-31m-funding/2015/01/ . 21 February 2015.
  7. Web site: Almeida . James . 2015-10-13 . Datadog Opens New R&D Innovation Lab in Paris . 2024-05-13 . Datadog . en.
  8. Web site: Mathurin . Desiree . Bockmann . Rich . 2016-05-25 . Datadog New York Times Building 620 Eighth Avenue . 2024-05-13 . The Real Deal . en.
  9. Web site: May 2024 . Datadog Investor Presentation . Datadog.com.
  10. News: Tan . Gillian . Baker . Liana . King . Ian . 18 September 2019 . Cisco Offered $7 Billion-Plus for DataDog As Company Prepares to IPO . . https://archive.today/20200222011528/https://www.bloomberg.com/news/articles/2019-09-18/cisco-is-said-to-have-bid-7-billion-plus-for-datadog-before-ipo . 22 February 2020 . live . subscription.
  11. Web site: Kepes . Ben . DataDog Acquires Mortar Data To Tie Analytics To Monitoring . 2024-05-13 . Forbes . en.
  12. Web site: Lardinois . Frederic . 2017-09-07 . Datadog acquires Logmatic.io to add log management to its cloud monitoring platform . 2024-05-13 . TechCrunch . en-US.
  13. Web site: Vizard . Mike . 2019-02-13 . Datadog Acquires App Dev Testing Platform Madumbo . 2024-05-13 . DevOps.com . en-US.
  14. Web site: Lardinois . Frederic . 2019-02-12 . Datadog acquires app testing company Madumbo . 2024-05-13 . TechCrunch . en-US.
  15. Web site: 2020-08-07 . Datadog acquires Undefined Labs to provide visibility into CI/CD workflows . 2024-05-13 . en-GB.
  16. Datadog Acquires Timber Technologies . 2024-05-13 . www.prnewswire.com . en.
  17. Web site: Dillet . Romain . 2021-02-12 . Datadog to acquire application security management platform Sqreen . 2024-05-13 . TechCrunch . en-US.
  18. Datadog Completes Acquisition of Ozcode . 2024-05-13 . www.prnewswire.com . en.
  19. Web site: Sharma . Shubham . 2022-08-04 . Datadog strengthens API observability with Seekret acquisition . 2024-05-13 . VentureBeat . en-US.
  20. Web site: Kobialka . Dan . 2022-05-05 . Security Testing Acquisition: Datadog Buys Hdiv Security . 2024-05-13 . MSSP Alert . en.
  21. Web site: FinSMEs . 2022-05-06 . Datadog To Acquire Hdiv Security . 2024-05-13 . FinSMEs . en-US.
  22. Datadog Completes Acquisition of CoScreen to Add Real-Time Collaboration for Developers . 2024-05-13 . www.prnewswire.com . en.
  23. Web site: FinSMEs . 2022-11-05 . Datadog Acquires Cloudcraft . 2024-05-13 . FinSMEs . en-US.
  24. Web site: Datadog Acquires Codiga to Expand Its Observability Platform . 2024-05-13 . Built In NYC . en.
  25. Web site: MarketScreener . 2023-04-04 . Datadog, Inc. acquired Codiga . MarketScreener . 2024-05-13 . en.
  26. Web site: Jonathan Parisot on LinkedIn: Actiondesk joins Datadog . 2024-05-13 . www.linkedin.com . en.
  27. Web site: Pride LGBT Phone Wallpapers for iPhone & Android . 2024-04-27 . www.livewallpapers.com.
  28. News: Eissler . Eric . September 30, 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. Web site: First commit · DataDog/dd-agent@9311d42. GitHub. 2016-07-03.
  32. Hakka Labs, Alexis Lê-Quôc, "Realtime Data Analytics at Datadog." January 9, 2014. Retrieved February 20, 2015
  33. Web site: Andrii . Degeler . Datadog secures $6.2m in funding from Index Ventures and RTP Ventures . TheNextWeb.com . 2012-11-20 . 2018-03-29.
  34. Web site: Darrow . Barb . Datadog snags $15M to monitor and manage your cloud(s) . Gigaom . 2014-02-04 . 2018-03-29 . 9 February 2014 . https://web.archive.org/web/20140209111708/https://gigaom.com/2014/02/04/datadog-snags-15m-to-monitor-and-manage-your-clouds/ . dead .
  35. Web site: Darrow . Barb . Datadog fetches $31M to beef up sales and engineering . Gigaom . 2015-01-28 . 2018-03-29 . 29 January 2015 . https://web.archive.org/web/20150129054758/https://gigaom.com/2015/01/28/datadog-fetches-31m-to-beef-up-sales-and-engineering/ . dead .
  36. Web site: Investors Feed Datadog A Hefty $94.5 Million Round – TechCrunch . Techcrunch.com . 2015-01-28 . 2018-03-29.
  37. Web site: Sodd . Anthony . NYC's 10 largest funding rounds of 2016 . Built In NYC . 2017-01-03 . 2018-03-29.
  38. Web site: Datadog pops 39% in Nasdaq debut as cloud software IPOs stay hot . 2019-09-19 . . 2020-06-19.
  39. Web site: Primack . Dan . 19 September 2019 . Datadog raises $648 million in IPO . Axios.
  40. Web site: Alex . Konrad . Forbes Cloud 100: Meet The Private Companies Leading Cloud Computing In 2016 . Forbes . 2018-03-29.
  41. Web site: 2019 Technology Fast 500 Awards . 16 January 2017 . 21 November 2016 . https://web.archive.org/web/20161121233341/https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-2016-fast-500-winners-by-rank.pdf . dead .
  42. Web site: Crain's names 2015 Best Places to Work . CrainsNewYork.com . 2015-09-18 . 2018-03-29.
  43. Web site: Crain's unveils the 100 Best Places to Work in New York City in 2016 | Crain's New York Business . CrainsNewYork.com . 2016-09-28 . 2018-03-29.
  44. Web site: Wealthfront's Career-Launching Companies List: 2017 Edition . Wealthfront. 2017-01-16 . https://web.archive.org/web/20170118031738/https://info.wealthfront.com/rs/781-RJU-318/images/WF-2017-CareerGuide.pdf . 2017-01-18 . dead .
  45. Web site: BuiltInBoston.com. 100 Best places to work in Boston 2019 . January 1992 . 2019-10-31.

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