PagerDuty

PagerDuty is an American cloud computing company that produces a SaaS incident response platform for IT departments.[3][4] As of 2018, the company has raised over $170 million in venture funding.[5][6][7] It has been recognized by Forbes on its "Cloud 100" as well as the USA Today list for the top small and mid-sized companies for diversity in 2018.[8][9]

PagerDuty, Inc.
Public
Traded asNYSE: PD
Russell 1000 Index component
IndustryInformation technology, Incident management, Information technology operations
Founded2009 (2009)
FoundersAlex Solomon Andrew Miklas
Baskar Puvanathasan
HeadquartersSan Francisco, California, United States
Key people
Jennifer Tejada, CEO[1]
Revenue$84 million (2018)[2]
Number of employees
524 (2019)[2]
Websitewww.pagerduty.com

PagerDuty is headquartered in San Francisco with operations in Toronto, Atlanta, the United Kingdom, and Australia. Its platform is designed to alert clients to disruptions and outages through machine learning and automation.[10] The software operates as a standalone service or can be integrated into existing IT systems.[3] Notable customers include GE, Vodafone, Box.com, Clover Network, and American Eagle Outfitters.

History

The company was founded 2009 in Toronto, Ontario, by University of Waterloo graduates Alex Solomon, Andrew Miklas, and Baskar Puvanathasan. The company was incubated at the Y Combinator.[11]

PagerDuty raised a seed funding round of $1.9 million in 2010, followed by a Series A round that raised $10.7 million in January 2013.[12][13] As of 2018, the company has raised over $170 million in venture funding.[5][14][15]

In July 2016, the former CEO of Keynote Systems, Jennifer Tejada, was named CEO of PagerDuty.[16] Later that year, the company held its first PagerDuty Summit, an industry conference to encourage digital innovation.[17][18] The PagerDuty Summit was held in San Francisco in 2017[19] and 2018.

PagerDuty announced a funding round in April 2017 led by Accel. The $43.8 million round included existing investors Andreessen Horowitz, Bessemer Venture Partners, Baseline Ventures and Harrison Metal.[20]

In September 2018, PagerDuty raised $90 million in a round led by T. Rowe Price Associates and Wellington Management.[9]

In June 2018, PagerDuty launched Event Intelligence, a product designed to analyze incoming digital signals and human responses to communicate incident response suggestions to operators when new incidents occur. At its industry conference in September 2018, the company also launched PagerDuty Visibility and PagerDuty Analytics.[21][22]

In March 2019, PagerDuty filed its S-1 with the SEC to in anticipation of its IPO.[2]

In April 2019, PagerDuty went public on the New York Stock Exchange.[23]

References
  1. PagerDuty. "PagerDuty Leadership". Internet Archive. Retrieved 2 October 2019.
  2. SEC. "PagerDuty S1". SEC.
  3. Matthew D. Sarrel (27 July 2015). "PagerDuty". PC Magazine.
  4. Ron Miller (20 August 2015). "Okta Customer Research Finds Office 365 Most Used Cloud Service". TechCrunch.
  5. "Mutual Fund Giants Make DevOps Startup PagerDuty a Unicorn". Retrieved 26 October 2018.
  6. Mike Wheatley (13 April 2017). "Application Health Monitoring Platform PagerDuty Lands $43.8M Funding". Silicon Angle.
  7. Michael Carney (31 July 2014). "IT's Best Friend: PagerDuty raises $27.2M Series B to Help All Companies Manage Infrastructure Like Amazon". Pando.
  8. Alex Konrad (11 July 2017). "Forbes Cloud 100: Meet the Hottest Companies in Cloud Computing for 2017". Forbes.
  9. "New Cloud Unicorn: PagerDuty Scores $1.3 Billion Valuation In $90 Million Round". Retrieved 26 October 2018.
  10. Richard Harris (11 September 2017). "PagerDuty Brings Machine Learning to Management Platform". App Developer Magazine.
  11. "PagerDuty - A Successful Start-up Founded by Software Grads". University of Waterloo. 30 May 2014.
  12. Alex Williams (January 31, 2013). "PagerDuty Raises $10.7M Round From Andreessen Horowitz For IT Alert Service Modeled On AWS System". Tech Crunch.
  13. Jordan Novet (January 31, 2013). "Seeking more enterprise clients, PagerDuty takes $10.7M in funding". Gigaom.
  14. Mike Wheatley (13 April 2017). "Application Health Monitoring Platform PagerDuty Lands $43.8M Funding". Silicon Angle.
  15. Michael Carney (31 July 2014). "IT's Best Friend: PagerDuty raises $27.2M Series B to Help All Companies Manage Infrastructure Like Amazon". Pando.
  16. Kate Cornick (28 November 2017). "PagerDuty's CEO Jennifer Tejada on Selling Software and Demanding Diversity". Techvibes.
  17. "PagerDuty Bolsters Platform and Integrated Workflow at PagerDuty Summit 2016". Manufacturing Close-Up. September 19, 2016. Archived from the original on April 14, 2018.
  18. Joe Franscella (September 21, 2016). "Digital Transformation Top of Mind at PagerDuty Summit 2016". Bhava.
  19. "The PagerDuty Summit 2017 Will Focus on 'Ops Reimagined'". The New Stack. September 1, 2017.
  20. Berenice Magistretti (April 13, 2017). "PagerDuty raises $43.8 million to help businesses streamline digital operations". Venture Beat.
  21. "PagerDuty incident response tools loop in business stakeholders". Retrieved 26 October 2018.
  22. "PagerDuty Visibility and PagerDuty Analytics Released". 11 September 2018. Retrieved 26 October 2018.
  23. Levy, Lauren Feiner, Ari (2019-04-11). "PagerDuty pops nearly 60% in debut as tech IPO market heats up". www.cnbc.com. Retrieved 2019-04-11.
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