Web: Datadog fetches big bucks to monitor cloud servers, apps, And more

January 2016 by: From The Web

Datadog—the New York startup that monitors how well (or not so well) its customers’ applications run in the cloud—now has $94.5 million in new funding, bringing its total to a healthy $147.9 million.

The company will use the money to flesh out its product line and beef up global operations in Europe, Asia and the Americas.

One big goal will be to add more data sources—there are about 120 now—and come up with new ways to monitor applications. The rationale is to help businesses wring the most out of both their legacy and newer cloud applications, Olivier Pomel, Datadog chief executive said in a statement.

Datadog competes with New Relic, AppDynamics as well as offerings from older companies like BMC. The company’s new funds come one year after a $31 million C round, and was led by Iconiq Capital with contributions from existing backers Index Ventures, OpenView Ventures, Amplify Partners, and Contour Ventures.


Continue Reading: Fortune