This article was published on November 20, 2012

Datadog secures $6.2m in funding from Index Ventures and RTP Ventures


Datadog secures $6.2m in funding from Index Ventures and RTP Ventures
Andrii Degeler
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Andrii Degeler

Andrii is the Head of Media at TNW, with over a decade of experience in covering the European tech ecosystem. Talk to him about new and exci Andrii is the Head of Media at TNW, with over a decade of experience in covering the European tech ecosystem. Talk to him about new and exciting developments in tech, especially those involving vastly underreported industry niches and geographies.

IT monitoring platform Datadog has announced a $6.2 million Series A investment round co-led by Index Ventures and RTP Ventures.

Founded in 2010, Datadog plans to use the funding to scale its operations and live up to the expectations of its growing enterprise customer base.

New York-based Datadog has built a monitoring product for IT teams in development and operations to solve the problem of growing amount of data these teams have to go through in their everyday work. It aggregates data from different applications, cloud providers, and management tools covering the full life cycle of code from writing to deployment.

“IT teams are deluged with data from an ever larger number of tools, creating as many data silos that prevent them from understanding and resolving issues,” said Olivier Pomel, CEO of Datadog.

The investment round was co-led by Index Ventures and RTP Ventures, an affiliate of ru-Net Holdings, with participation from existing investors IA Ventures, Amplify Partners, Contour Ventures and NYCSeed, which also backed the company at seed stage in 2011.

Image credit:  Highways Agency / Flickr.

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