New York-based Datadog recently announced the finalization of $94.5M in Series D for its SaaS cloud monitoring products and services. Led by ICONIQ Capital, the funding will be used to accelerate product development as well as expand the company’s global operations. Since its launch in 2010, Datadog has garnered significant traction in the cloud monitoring space by notching up the likes of Netflix, Spotify, Airbnb and Twilio within its roster of customers. The Series D funding raise builds upon Datadog’s December announcement of its integration with OpenStack. Datadog’s integration with OpenStack allows customers to leverage its SaaS application to understand the health of OpenStack deployments, with a focus on monitoring the compute and networking components of an OpenStack deployment. Existing investors Index Ventures, OpenView Ventures, Amplify Partners and Contour Ventures also participated in the funding raise, alongside other investors. The Series D funding raise brings the total capital raised by Datadog to roughly $148M.
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