Every startup needs a steady diet of funding to keep it strong and growing. Datadog, a monitoring service that helps customers bring together data from across a variety of infrastructure and software is no exception.
Today it announced a massive $94.5 million Series D Round. The company would not discuss valuation.
The round was led by ICONIQ Capital. Existing investors Index Ventures, OpenView Ventures, Amplify Partners, Contour Ventures and other unnamed equity holders also participated. The funding comes almost exactly a year after the company announced a $31 million round and brings the total investment to just under $148 million.
As you might expect from a company that has scored $125.5 million in one year, it seems to be doing quite well for itself. In fact, CEO Olivier Pomel reports the company has been tripling its revenue over the last four years and more than tripled it in 2015, but he says 90 percent of the business is in the U.S.Read Complete Article