<p>Datadog Raises $15 Million to Deliver Scalable Monitoring for Next-Generation Cloud Deployments February 4th, 2014 By: THN News</p><p>(The Hosting News) Datadog, the SaaS-based monitoring and data analytics platform that provides a unified view of IT infrastructure today announced that it has raised $15 million in a Series B round led by OpenView Venture Partners, with follow-on investments from Index Ventures, RTP Ventures, Amplify Partners, IA Ventures and Contour Ventures. Dev Ittycheria, OpenView's Managing Director and former Founder and CEO of BladeLogic, will join the company's board of directors.</p><p>Datadog will use the latest financing to accelerate the development of its next-generation monitoring platform for highly scalable cloud infrastructure. The company will also be aggressively growing its engineering division and expanding its sales and marketing teams in New York and Boston to meet the increasing market demand.</p><p>"Increasingly organizations are shifting their computing workloads from static on-premise infrastructure to elastically scaling clouds," said Ittycheria. "Easily adding and changing compute capacity is a major benefit of the cloud, but also introduces a level of dynamism that overwhelms legacy monitoring systems. Datadog has created a monitoring platform that has been explicitly designed to monitor highly elastic compute environments on public or private clouds as well as to support traditional computing infrastructure."</p><p><a href="http://www.thehostingnews.com/datadog-raises-15-million-to-deliver-scalable-monitoring-for-next-generation-cloud-deployments-30785.html">Keep reading...</a></p>