PagerDuty

Valuation $12B

About PagerDuty

PagerDuty is an operations performance platform that helps monitor IT infrastructure, detect issues, and resolve incidents.
Headquarters PagerDuty, San Francisco
Founded 2009-02-01
Industry Analytics, Cloud Computing, Information Technology, IT Management, SaaS, Software
Last Funding Type Post Ipo Debt
Valuation 12
Total Funding $523.60 million dollars
IPO Status Public

Financial

PagerDuty reported its Q1 earnings with revenue in line with expectations and noted an acceleration in customer growth. However, the company later lowered its full-year sales forecast, leading to a significant drop in its stock price. Additionally, PagerDuty's Q2 sales were in line with estimates, but the stock still experienced a 13% decline. A survey revealed that customer-facing incidents increased by 43% over the past year, with each incident costing nearly $800,000.

PagerDuty is focusing on enhancing IT operations through machine learning and data analysis. They are developing systems for inline categorizing of events using keyword vectors, and service dependencies based on relationship network graphs. Their research includes outage risk detection alerts and action recommendations for operational issues. They are also working on auto pause incident notifications and alert grouping for noise reduction. These efforts aim to improve incident management and operational efficiency in IT environments.

Funding Rounds 8
Number of Lead Investors 7
Total Funding Amount  $523.60 million dollars
Number of Investors 17

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