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New Relic Competitor Datadog Raises $94.5 Million


Ron Burgundy
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New York-based technology systems-monitoring company Datadog said on Tuesday it had raised $94.5 million in funding to help it take on competitors like New Relic and AppDynamics. The cash infusion comes two months after San Francisco-based AppDynamics raised $158 million from investors in a funding environment less friendly to startups compared with the start of 2015. Many enterprise startups have rattled investors with initial public offerings that assigned lower values to the company compared with their last funding rounds as privately traded companies.

 

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