Datadog

Datadog, Inc. provides a software as a service observability platform that engineering teams use to monitor servers, databases, applications, logs, networks and security across cloud and hybrid environments. It was founded in New York City in 2010 by Olivier Pomel and Alexis Lê-Quôc, who met at Ecole Centrale Paris and later worked together at Wireless Generation. The company was incorporated in Delaware in June 2010 and is headquartered in New York. By 2024 it had about 6,500 employees in 33 countries, and as of October 2024 it supported more than 750 integrations with cloud providers and other tools.

Datadog launched with a 2010 seed round that included NYC Seed, Contour Venture Partners, IA Ventures, Jerry Neumann and Alex Payne. Index Ventures and RTP Ventures co-led a $6.2 million Series A in 2012. OpenView Venture Partners led a $15 million Series B in 2014, and Index Ventures led a $31 million Series C in 2015. In January 2016 ICONIQ Capital led a $94.5 million Series D with Index Ventures, OpenView, Amplify Partners and Contour participating, bringing total funding to just under $148 million. Before its IPO the company reportedly turned down an acquisition offer of more than $7 billion from Cisco.

Datadog priced its IPO on September 19, 2019 at $27.00 per share, selling 24 million Class A shares on Nasdaq under the ticker DDOG and raising $648 million at a valuation of $8.7 billion. Its prospectus listed Index Ventures (20.1%), OpenView Venture Partners (15.9%), ICONIQ Strategic Partners (11.3%) and RTP Ventures (8.2%) as 5% holders, and reported 8,846 customers at June 30, 2019. Annual revenue reached $2.68 billion in 2024 and $3.43 billion in 2025 according to its 10-K filings, and the company joined the S&P 500 in July 2025. It has made a string of acquisitions, including Sqreen, Codiga, Metaplane and Eppo.

Datadog is a case of a New York seed bet that compounded into a large public software company. Contour Venture Partners and IA Ventures entered at seed in 2010, Index Ventures and RTP at the Series A, and OpenView and ICONIQ in the growth rounds, with roughly $148 million of private capital raised in total. The IPO came nine years after founding, and the four largest venture holders together owned more than half of the company going into the offering.