Cloud Monitoring Service Datadog Raises $31M, Plans to Ramp Up Hiring
Looking to expand its ranks and deepen the development of its technology, Datadog, based in New York, raised $31 million in a Series C funding round led by Index Ventures, with RTP Ventures, OpenView Partners, and others participating.
Datadog is a monitoring service used by IT teams and developers who work with cloud-based software. CEO Olivier Pomel says the company’s sweet spot is customers with apps used on a large scale that produce vast amounts of data. Some of Datadog’s clients include Spotify, Lonely Planet, and Facebook.
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