Datadog, the monitoring and analytics platform, amended their S-1 filing to add their IPO price between $19-$22 per share. According to the Prime Unicorn Index, Datadog’s last institutional round was Series D for $94.51M from Index Ventures, OpenView Venture Partners, ICONIQ Strategic Partners, and RTP Ventures to name a few. Total funding amounts to $148M since 2011.
The most recent preferred round, Series D, was back in 2015 at a price of $2.2935 per share and valued the company at $687,811,294 (post-money). If you take the midpoint of their IPO pricing, $20.50 per share, it would value the company at about $6 billion. That is a 775% increase in valuation.
According to the S-1, Datadog has over 8,800 customers, 82% year-over-year revenue growth, 590+ customers with $100K+ AAR, and 40+ customers with $1M+ AAR.
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