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NEW YORK - Datadog, Inc. (NASDAQ:DDOG) has released Bits AI SRE, an artificial intelligence agent designed to autonomously investigate alerts and identify root causes of technical incidents, the cloud monitoring company announced Tuesday. The company, currently valued at over $55 billion, has maintained impressive 26.6% revenue growth over the last twelve months as it continues to expand its AI-powered monitoring solutions.
The new AI agent, which operates 24/7, analyzes telemetry data, system architecture, and organizational context to provide actionable insights within minutes of an alert, according to a company press release. The tool aims to reduce incident response time and minimize business disruption during system outages.
Bits AI SRE represents Datadog’s first generally available AI agent and is part of the company’s broader Bits AI suite of capabilities focused on monitoring, development, and security workflows.
"This launch represents a pivotal expansion of Datadog’s AI strategy as our first generally available AI agent," said Yanbing Li, Chief Product Officer at Datadog.
The system has been tested across more than 2,000 customer environments and has conducted tens of thousands of investigations, the company stated. It includes enterprise security features such as HIPAA compliance support and role-based access controls.
Thiyagarajan Anandan, Senior Engineering Manager at Uber Freight, said the tool helps "cut through the noise by instantly surfacing the right context and correlations across our systems."
Andrew Seok Ju Kim, Data Engineer at DelightRoom, reported that mean time to resolution for their services "improved significantly" with the implementation of Bits AI SRE.
The agent is now generally available to all Datadog users as one of three AI agents unveiled at the company’s DASH conference.
In other recent news, Datadog has reported significant developments that are attracting attention from analysts and investors. RBC Capital has raised its price target for Datadog to $216, citing an "inflection quarter" with accelerating growth and an expanded partnership with OpenAI. Similarly, Truist Securities increased its price target to $195, highlighting Datadog’s strong third-quarter financial performance. KeyBanc upgraded Datadog’s stock rating to Overweight, setting a price target of $230 due to improved revenue growth and increased spending visibility from OpenAI.
Additionally, Datadog has introduced a new Storage Management product aimed at optimizing cloud storage costs. This product is now available for Amazon S3, with previews for Google Cloud Storage and Azure Blob Storage. In another strategic move, Datadog appointed John Trapani as Field CTO for Financial Services to enhance observability strategies in that sector. These developments underscore Datadog’s ongoing efforts to innovate and expand its market presence.
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