Cloud computing company PagerDuty has filed an S-1 on Friday to go public soon. The company originally filed in January 2019, but it could not move forward due to the government shutdown.
PagerDuty will be listed on the New York Stock Exchange with the symbol “PD.” Morgan Stanley, JPMorgan Chase & Co., Royal Bank of Canada, and Allen & Co. are leading the offering.
PagerDuty alerts IT employees when there are incidents that have to be addressed, according to Business Insider. PagerDuty generated revenue of $79.6 million and saw a net loss of $38.1 million for the 2018 fiscal year ending January 31. The company did not report its previous full fiscal year.
And PagerDuty was founded by three ex-Amazon engineers in 2009 who set out to build software that would improve the quality of life in providing on-call support. The PagerDuty founders include Andrew Miklas (founding CTO), Alex Solomon (current CTO), and Baskar Puvanathasan (product/engineering).
Over the trailing twelve months, PagerDuty saw $107 million in revenue — which is 48% in revenue growth. And now the company has more than 10,000 customers as well. Some of PagerDuty’s customers include Gap, GE, IBM, and Netflix. And the company’s rivals include Atlassian and Splunk.
Photo: Jennifer Tejada via LinkedIn
During a nine-month period in its fiscal 2017, PagerDuty generated $56.6 million in revenue at a net loss of $29.8 million. During the same nine-month period a year later, PagerDuty hit $84 million in revenue at a net loss of $34.5 million. PagerDuty is led by CEO Jennifer Tejada — who joined the company in 2016. Prior to becoming CEO of PagerDuty, Tejada was the president and CEO of Keynote Systems, the chief strategy officer at Mincom, COO at Merivale Group, and VP of Global Marketing at i2 Technologies.
PagerDuty’s investors include Andreessen Horowitz, Accel Partners, Baseline Ventures, Harrison Metal Capital, and Bessemer Venture Partners. When PagerDuty raised $90 million in Series D funding, the company was valued at $1.3 billion.
