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Datadog was founded in New York City in 2010 [3] by Olivier Pomel [4] and Alexis Lê-Quôc, [5] who met while working at Wireless Generation.After Wireless Generation was acquired by NewsCorp, the two set out to create a product that would reduce the friction they experienced between developer and systems administration teams, who were often working at cross-purposes.
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Unfortunately for Datadog bulls, the company's forecast may make investors less willing to pay such a premium. It forecasts revenue of $2.63 billion in 2024, implying a yearly growth rate of 24%.
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The $31M brings the total raised to $53.4M. Datadog, which launched in 2011 and produced its first product in 2013, provides a dashboard of data about any cloud services that can plug into the system.