Datadog, Inc. Thesis

Datadog provides a monitoring and analytics platform for cloud applications. Its moat is its unified, easy-to-use platform that brings together infrastructure monitoring, application performance monitoring (APM), and log management. This 'three pillars' approach creates a sticky product with high switching costs. The growth driver is the expansion of its platform to include more modules (security, network monitoring) and the increasing complexity of cloud environments, which drives demand for observability solutions. The investment thesis is based on Datadog being the leading observability platform for the cloud generation.