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Arabian Post
08-05-2025
- Business
- Arabian Post
Datadog Strengthens AI Capabilities with Eppo Acquisition
Datadog, a prominent provider of cloud application monitoring and security solutions, has acquired Eppo, a San Francisco-based startup specialising in feature flagging and experimentation platforms. This strategic move aims to enhance Datadog's product analytics and AI-driven experimentation offerings. The acquisition aligns with Datadog's broader strategy to bolster its AI and analytics capabilities. The company has experienced a 25% year-over-year increase in first-quarter revenue, reaching $761.6 million. This growth is attributed to the rising demand for AI-driven cloud security solutions and the adoption of new products like App Builder and On-Call. Datadog has also raised its full-year 2025 revenue forecast to between $3.22 billion and $3.24 billion, surpassing previous estimates. Eppo, founded in 2021 by CEO Chetan Sharma, has developed a platform that enables companies to conduct randomized controlled experiments. The platform integrates with data warehouses, cloud services, and AI products, allowing for efficient and rigorous experimentation. Eppo's clients include Twitch, DraftKings, Perplexity, Coinbase, Zalando, Delivery Hero, SurveyMonkey, and Fanatics. The acquisition is expected to provide Datadog with advanced experimentation tools, enhancing its ability to offer AI-powered personalization and feature flagging. This will enable clients to build products more efficiently and reduce the risks associated with new feature rollouts. Eppo's platform is designed to support high experiment velocity, allowing companies to run trustworthy experiments faster. By building on Snowflake, Eppo delivers analyst efficiency and data security benefits, enabling customers to upgrade from fragmented and unreliable experimentation workflows to a metrics-first setup. The integration of Eppo's capabilities into Datadog's platform is anticipated to provide a more seamless workflow for users. This will allow teams to manage their experimentation lifecycle in one place, operating collaboratively and demonstrating return on investment more effectively. Datadog's acquisition of Eppo reflects a growing trend in the industry, where companies are seeking to enhance their AI and analytics offerings through strategic acquisitions. This move positions Datadog to better serve its clients by providing more comprehensive tools for monitoring, security, and experimentation in cloud environments. The financial details of the acquisition have not been disclosed. However, the move is seen as a significant step in Datadog's efforts to expand its product offerings and maintain its competitive edge in the rapidly evolving cloud services market. Eppo's team, which includes former employees from Airbnb, LinkedIn, Uber, and Snowflake, brings a wealth of experience to Datadog. This acquisition is expected to accelerate Datadog's innovation in AI and analytics, providing clients with more robust tools to navigate and secure modern cloud environments.
Time of India
06-05-2025
- Business
- Time of India
Datadog lifts annual revenue forecast on AI-driven cloud security demand
Live Events Cloud security firm Datadog raised its annual revenue forecast and beat the estimate for quarterly sales on Tuesday, thanks to growth in large customers and AI-driven company has benefited significantly from the increased adoption of artificial intelligence technologies, which has driven strong demand for its cloud monitoring and security platform On Monday, Datadog acquired Eppo, a feature flagging and experimentation platform, to expand its AI and product analytics offerings, aiming to help customers build products faster and with less risk."We are innovating rapidly across the Datadog platform, to help customers observe, secure, and act to solve mission-critical business problems in their modern, cloud environments," CEO Olivier Pomel newer products, such as App Builder and On-Call, are outperforming, and its security monitoring is seeing significant customer interest, analysts have company now expects full-year 2025 revenue to be between $3.22 billion and $3.24 billion, compared with its prior forecast of between $3.18 billion and $3.20 billion. Analysts on average expect $3.20 billion in annual revenue, according to data compiled by also forecast second-quarter revenue above revenue in the first quarter was up 25% from a year earlier to $761.6 million, compared with analysts' estimate of $741.5 an adjusted basis, the company earned 46 cents per share compared with the estimate of 43 cents per the end of the first quarter, Datadog had about 3,770 customers with annual recurring revenue of $100,000 or more, an increase of 13% from a year earlier.
The Star
06-05-2025
- Business
- The Star
Datadog lifts annual revenue forecast on AI-driven cloud security demand
FILE PHOTO: A logo for Datadog is seen during the KubeCon CloudNativeCon Europe hosted by the Cloud Native Computing Foundation (CNCF) in Paris, France, March 20, 2024. REUTERS/Benoit Tessier/File Photo (Reuters) -Cloud security firm Datadog raised its annual revenue forecast and beat the estimate for quarterly sales on Tuesday, thanks to growth in large customers and AI-driven workloads. The company has benefited significantly from the increased adoption of artificial intelligence technologies, which has driven strong demand for its cloud monitoring and security platform. On Monday, Datadog acquired Eppo, a feature flagging and experimentation platform, to expand its AI and product analytics offerings, aiming to help customers build products faster and with less risk. "We are innovating rapidly across the Datadog platform, to help customers observe, secure, and act to solve mission-critical business problems in their modern, cloud environments," CEO Olivier Pomel said. Datadog's newer products, such as App Builder and On-Call, are outperforming, and its security monitoring is seeing significant customer interest, analysts have said. The company now expects full-year 2025 revenue to be between $3.22 billion and $3.24 billion, compared with its prior forecast of between $3.18 billion and $3.20 billion. Analysts on average expect $3.20 billion in annual revenue, according to data compiled by LSEG. It also forecast second-quarter revenue above estimates. Total revenue in the first quarter was up 25% from a year earlier to $761.6 million, compared with analysts' estimate of $741.5 million. On an adjusted basis, the company earned 46 cents per share compared with the estimate of 43 cents per share. At the end of the first quarter, Datadog had about 3,770 customers with annual recurring revenue of $100,000 or more, an increase of 13% from a year earlier. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Vijay Kishore)
Yahoo
06-05-2025
- Business
- Yahoo
Datadog lifts annual revenue forecast on AI-driven cloud security demand
(Reuters) -Cloud security firm Datadog raised its annual revenue forecast and beat the estimate for quarterly sales on Tuesday, thanks to growth in large customers and AI-driven workloads. The company has benefited significantly from the increased adoption of artificial intelligence technologies, which has driven strong demand for its cloud monitoring and security platform. On Monday, Datadog acquired Eppo, a feature flagging and experimentation platform, to expand its AI and product analytics offerings, aiming to help customers build products faster and with less risk. "We are innovating rapidly across the Datadog platform, to help customers observe, secure, and act to solve mission-critical business problems in their modern, cloud environments," CEO Olivier Pomel said. Datadog's newer products, such as App Builder and On-Call, are outperforming, and its security monitoring is seeing significant customer interest, analysts have said. The company now expects full-year 2025 revenue to be between $3.22 billion and $3.24 billion, compared with its prior forecast of between $3.18 billion and $3.20 billion. Analysts on average expect $3.20 billion in annual revenue, according to data compiled by LSEG. It also forecast second-quarter revenue above estimates. Total revenue in the first quarter was up 25% from a year earlier to $761.6 million, compared with analysts' estimate of $741.5 million. On an adjusted basis, the company earned 46 cents per share compared with the estimate of 43 cents per share. At the end of the first quarter, Datadog had about 3,770 customers with annual recurring revenue of $100,000 or more, an increase of 13% from a year earlier. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Vijay Kishore)
