Company:Datadog

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Datadog, Inc.
TypePublic
  • NASDAQ: DDOG (Class A)
  • Nasdaq-100 component
  • S&P 500 component
IndustrySoftware
Founded2010; 16 years ago (2010) in New York City
Founders
  • Olivier Pomel
  • Alexis Lê-Quôc
HeadquartersNew York City, U.S.
Area served
Worldwide
Key people
  • Olivier Pomel (CEO)
  • Alexis Lê-Quôc (CTO)
ProductsDatadog
ServicesSystem monitoring
RevenueIncrease US$2.68 billion (2024)
Increase US$54 million (2024)
Increase US$184 million (2023)
Total assetsIncrease US$5.79 billion (2024)
Total equityIncrease US$2.71 billion (2024)
Number of employees
6,500 (2024)
Websitedatadoghq.com
Footnotes / references
[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.

History

Founding years

Datadog was founded in New York City in 2010[2] by Olivier Pomel[3] and Alexis Lê-Quôc,[4] who met while undergraduates at Ecole Centrale Paris, and later worked together for 9 years 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.[citation needed]

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.[5]

Company growth

In 2015, Datadog opened a research and development office in Paris.[6]

Datadog at Google Cloud Summit

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.[7] Datadog announced the beta-release of Application Performance Monitoring in 2016, offering for the first time a full-stack monitoring solution.


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.[8]

Acquisitions

A timeline of acquisitions by Datadog can be found in the table below.

List of acquisitions by Datadog over time
Date Acquisition Added value Reference
February 2015 Mortar Data Ties analytics to data monitoring [9]
September 2017 Logmatic Platform-agnostic service for querying and visualizing logs to monitor and troubleshoot online services [10]
February 2019 Madumbo AI-based application testing platform [11][12]
August 2020 Undefined Labs Testing and observability for developer workflows [13]
February 2021 Sqreen Application security platform [14]
August 2021 Timber Vendor agnostic, high-performance data pipeline [15]
November 2021 Ozcode Live debugging solution with code-level visibility into production environments [16]
May 2022 HDIV Security testing software [17][18]
August 2022 Seekret API observability platform [19]
October 2022 CoScreen Real-time collaboration [20]
November 2022 Cloudcraft Infrastructure modeling with dynamic architecture diagram creation [21]
April 2023 Codiga Provides static code analysis across the development lifecycle [22][23]
November 2023 Actiondesk Cloud-based spreadsheet application that integrates with live data sources for cross-cloud data access [24]
April 2025 Metaplane AI-powered data observability [25]
June 2025 Eppo Experimentation infrastructure with a modern data stack, AI features, and the latest in causal inference literature [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.[citation needed]

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. It was formerly Python-based, forked from the original created in 2009 by David Mytton 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.[29]

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.[30]

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.[31] In 2014, Datadog raised a $15 million Series B round led by OpenView Venture Partners,[32] followed by a $31 million Series C round led by Index Ventures in 2015.[33] Datadog opened 2016 with a $94.5 million Series D round led by ICONIQ Capital,[34] one of the largest funding rounds for a New York City company during that year.[35]

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.[36][37] Datadog's stock price rose by approximately 37% on its first day of trading, and the company's market capitalization reached nearly $10 billion by the end of its first trading day.[36][38]

Datadog was added to the S&P 500 Index in July 2025.[39]

References

  1. ↑ "Datadog Annual Report 2024 Form 10-K". U.S. Securities and Exchange Commission. February 20, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001561550/000156155025000025/ddog-20241231.htm. 
  2. ↑ Palmeri, Steph (27 July 2010). "Quick Note on SeedStart Demo Day". http://www.stephpalmeri.com/post/867616712/quick-note-on-seedstart-demo-day. "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." 
  3. ↑ "Olivier Pomel | Entrepreneurs" (in en-US). https://entrepreneurshares.com/entrepreneurs/olivier-pomel/. 
  4. ↑ "Alexis Lê-Quôc" (in en). https://www.forbes.com/profile/alexis-le-quoc/. 
  5. ↑ Moriarty, Erin (29 January 2015). "Monitoring Service Datadog Gets $31M in Funding". https://www.sdxcentral.com/articles/news/monitoring-service-datadog-gets-31m-funding/2015/01/. "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. ↑ Almeida, James (2015-10-13). "Datadog Opens New R&D Innovation Lab in Paris" (in en). https://www.datadoghq.com/about/latest-news/datadog-opens-new-rd-innovation-lab-in-paris/. 
  7. ↑ Mathurin, Desiree; Bockmann, Rich (2016-05-25). "Datadog | New York Times Building | 620 Eighth Avenue" (in en). https://therealdeal.com/new-york/2016/05/25/analytics-startup-datadog-taking-a-bite-out-of-new-york-times-building/. 
  8. ↑ Tan, Gillian; Baker, Liana; King, Ian (18 September 2019). "Cisco Offered $7 Billion-Plus for DataDog As Company Prepares to IPO". Bloomberg News. https://www.bloomberg.com/news/articles/2019-09-18/cisco-is-said-to-have-bid-7-billion-plus-for-datadog-before-ipo. 
  9. ↑ Kepes, Ben. "DataDog Acquires Mortar Data To Tie Analytics To Monitoring" (in en). https://www.forbes.com/sites/benkepes/2015/02/11/datadog-acquires-mortar-data-to-tie-analytics-to-monitoring/. 
  10. ↑ Lardinois, Frederic (2017-09-07). "Datadog acquires Logmatic.io to add log management to its cloud monitoring platform" (in en-US). https://techcrunch.com/2017/09/07/datadog-acquires-logmatic-io-to-add-log-management-to-its-cloud-monitoring-platform/. 
  11. ↑ Vizard, Mike (2019-02-13). "Datadog Acquires App Dev Testing Platform Madumbo" (in en-US). https://devops.com/datadog-acquires-app-dev-testing-platform-madumbo/. 
  12. ↑ Lardinois, Frederic (2019-02-12). "Datadog acquires app testing company Madumbo" (in en-US). https://techcrunch.com/2019/02/12/datadog-acquires-app-testing-company-madumbo/. 
  13. ↑ "Datadog acquires Undefined Labs to provide visibility into CI/CD workflows" (in en-GB). 2020-08-07. https://aijourn.com/datadog-acquires-undefined-labs/. 
  14. ↑ Dillet, Romain (2021-02-12). "Datadog to acquire application security management platform Sqreen" (in en-US). https://techcrunch.com/2021/02/12/datadog-to-acquire-application-security-management-platform-sqreen/. 
  15. ↑ "Datadog acquires Timber and Sqreen, reports lower-than-expected guidance" (in en-US). 2021-02-11. https://siliconangle.com/2021/02/11/datadog-acquires-timber-sqreen-reports-lower-expected-guidance/. 
  16. ↑ "Datadog buys Israeli API observability co Seekret" (in en). Globes. 2022-04-08. https://en.globes.co.il/en/article-datadog-buys-israeli-api-observability-co-seekret-1001420497. 
  17. ↑ Kobialka, Dan (2022-05-05). "Security Testing Acquisition: Datadog Buys Hdiv Security" (in en). https://www.msspalert.com/news/security-testing-acquisition-datadog-buys-hdiv-security. 
  18. ↑ FinSMEs (2022-05-06). "Datadog To Acquire Hdiv Security" (in en-US). https://www.finsmes.com/2022/05/datadog-to-acquire-hdiv-security.html. 
  19. ↑ Sharma, Shubham (2022-08-04). "Datadog strengthens API observability with Seekret acquisition" (in en-US). https://venturebeat.com/data-infrastructure/datadog-strengthens-api-observability-with-seekret-acquisition/. 
  20. ↑ "SD Times news digest: SharePoint Framework 1.14 Release Candidate; Salt Security raises $140 million in Series D; Datadog completes acquisition of CoScreen" (in en-US). 2022-02-10. https://sdtimes.com/softwaredev/sd-times-news-digest-sharepoint-framework-1-14-release-candidate-salt-security-raises-140-million-in-series-d-datadog-completes-acquisition-of-coscreen/. 
  21. ↑ FinSMEs (2022-11-05). "Datadog Acquires Cloudcraft" (in en-US). https://www.finsmes.com/2022/11/datadog-acquires-cloudcraft.html. 
  22. ↑ "Datadog Acquires Codiga to Expand Its Observability Platform" (in en). https://www.builtinnyc.com/articles/datadog-acquires-codiga. 
  23. ↑ MarketScreener (2023-04-04). "Datadog, Inc. acquired Codiga" (in en). https://www.marketscreener.com/quote/stock/DATADOG-INC-65956839/news/Datadog-Inc-acquired-Codiga-43643149/. 
  24. ↑ IQ, S&P Capital (2023-11-13). "Datadog, Inc. acquired ActionDesk. | MarketScreener" (in en-US). https://www.marketscreener.com/quote/stock/DATADOG-INC-65956839/news/Datadog-Inc-acquired-ActionDesk-45368517/. 
  25. ↑ Farrer, Levi (2025-04-23). "Datadog Bolsters Data Observability with Acquisition of AI Startup Metaplane" (in en-US). https://newsweek.world/datadog-bolsters-data-observability-with-acquisition-of-ai-startup-metaplane/. 
  26. ↑ Wiggers, Kyle (2022-06-22). "Eppo, a product experimentation platform, raises $19.5M for expansion" (in en-US). https://techcrunch.com/2022/06/22/eppo-a-product-experimentation-platform-raises-19-5m-for-expansion/. 
  27. ↑ "Infrastructure Monitoring". https://www.datadoghq.com/product/infrastructure-monitoring/. 
  28. ↑ Eissler, Eric (September 30, 2022). "What Is Network Performance Monitoring and How Can You Implement It in Your Business?". Tech Genix. https://techgenix.com/network-performance-monitoring/. 
  29. ↑ Hakka Labs, Alexis Lê-Quôc, "Realtime Data Analytics at Datadog." January 9, 2014. Retrieved February 20, 2015
  30. ↑ Datadog, "Docs." Retrieved October 13, 2024.
  31. ↑ Degeler, Andrii (2012-11-20). "Datadog secures $6.2m in funding from Index Ventures and RTP Ventures". https://thenextweb.com/insider/2012/11/20/datadog-secures-62m-in-funding-from-index-ventures-and-rtp-ventures/. 
  32. ↑ Darrow, Barb (2014-02-04). "Datadog snags $15M to monitor and manage your cloud(s)". Gigaom. https://gigaom.com/2014/02/04/datadog-snags-15m-to-monitor-and-manage-your-clouds/. 
  33. ↑ Darrow, Barb (2015-01-28). "Datadog fetches $31M to beef up sales and engineering". Gigaom. https://gigaom.com/2015/01/28/datadog-fetches-31m-to-beef-up-sales-and-engineering/. 
  34. ↑ "Investors Feed Datadog A Hefty $94.5 Million Round – TechCrunch". Techcrunch.com. 2015-01-28. https://techcrunch.com/2016/01/12/investors-feed-datadog-a-hefty-94-5-million-round/. 
  35. ↑ Sodd, Anthony (2017-01-03). "NYC's 10 largest funding rounds of 2016". Built In NYC. http://www.builtinnyc.com/2016/12/24/nycs-largest-funding-rounds-2016. 
  36. ↑ 36.0 36.1 "Datadog pops 39% in Nasdaq debut as cloud software IPOs stay hot". 2019-09-19. https://www.cnbc.com/2019/09/19/datadog-pops-50percent-in-nasdaq-debut-as-cloud-software-ipos-stay-hot.html. 
  37. ↑ Primack, Dan (19 September 2019). "Datadog raises $648 million in IPO". https://www.axios.com/2019/09/19/datadog-648-million-initial-public-offering. 
  38. ↑ Levy, Ari (2019-09-22). "More $10 billion software companies are being minted than ever before — here's why" (in en). https://www.cnbc.com/2019/09/22/datadog-is-fourth-software-ipo-in-2019-to-reach-10-billion-market-cap.html. 
  39. ↑ "Datadog to Join S&P 500, Juniper to Exit After Takeover by HPE" (in en). Bloomberg.com. https://www.bloomberg.com/news/articles/2025-07-02/datadog-to-join-s-p-500-juniper-to-exit-after-takeover-by-hpe. 



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