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PagerDuty
View on WikipediaPagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.[7][8]
Key Information
PagerDuty is headquartered in San Francisco with offices in Toronto, Atlanta, London, Lisbon, Tokyo, and Sydney. Its platform is designed to alert clients to disruptions and outages.[9] The software operates as a standalone service or can be integrated into existing IT systems.[7]
History
[edit]The company was founded 2009 in Toronto, Ontario, by University of Waterloo graduates Alex Solomon, Andrew Miklas, and Baskar Puvanathasan.[10][11] The company was incubated at Y Combinator.[12]
In July 2016, the former CEO of Keynote Systems, Jennifer Tejada, was named CEO of PagerDuty.[13]
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.[14][15]
In March 2019, PagerDuty filed its S-1 with the SEC in anticipation of its IPO[16] and in April 2019, PagerDuty went public on the New York Stock Exchange.[17]
On January 21, 2023 PagerDuty CEO Tejada's layoff memo was criticized for insensitivity for inappropriately quoting Martin Luther King, announcing promotions of executives, and tone deafness.[18][19]
In July 2025, the company began looking for buyer interest and exploring the idea of selling.[20]
Funding
[edit]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.[21][22] As of 2018, the company has raised over $170 million in venture funding.[23][24][25]
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.[26]
In September 2018, PagerDuty raised $90 million in a round led by T. Rowe Price and Wellington Management.[27]
Acquisitions
[edit]In October 2020, PagerDuty completed the acquisition of Rundeck, a provider of DevOps automation.[28]
In March 2022, PagerDuty completed the acquisition of Catalytic, a no-code Automation platform.[29][30]
In November 2023, PagerDuty completed the acquisition of Jeli, an incident management startup.[31]
See also
[edit]References
[edit]- ^ "PagerDuty Regains Panache In Covid Era". Markman On Tech. 30 June 2020. Retrieved 2020-08-20.
- ^ "CEO Jennifer Tejada just took PagerDuty public; we talked about the roadshow, the IPO and what comes next". TechCrunch. 11 April 2019. Retrieved 2020-08-20.
- ^ Visram, Talib (2019-03-18). "How This Company Hopes to Make $100 Million From Your Glitchy Website". Inc.com. Retrieved 2020-08-20.
- ^ PagerDuty. "PagerDuty Leadership". Internet Archive. Archived from the original on 2 October 2019. Retrieved 2 October 2019.
- ^ "PagerDuty Appoints Todd McNabb as Chief Revenue Officer". Financial Times. Retrieved 22 September 2025.
- ^ a b "PagerDuty, Inc. – Form 10-K year ending January 31, 2025". U.S. Securities and Exchange Commission. 2025-03-17.
- ^ a b Matthew D. Sarrel (27 July 2015). "PagerDuty". PC Magazine.
- ^ Ron Miller (20 August 2015). "Okta Customer Research Finds Office 365 Most Used Cloud Service". TechCrunch.
- ^ Richard Harris (11 September 2017). "PagerDuty Brings Machine Learning to Management Platform". App Developer Magazine.
- ^ Kirkwood, Isabelle (2019-04-12). "Toronto-founded PagerDuty goes public, sees stocks jump in market debut | BetaKit". Retrieved 2025-10-01.
- ^ "PagerDuty". Bessemer Venture Partners. Retrieved 2025-10-01.
- ^ "PagerDuty - A Successful Start-up Founded by Software Grads". University of Waterloo. 30 May 2014.
- ^ Kate Cornick (28 November 2017). "PagerDuty's CEO Jennifer Tejada on Selling Software and Demanding Diversity". Techvibes.
- ^ "PagerDuty incident response tools loop in business stakeholders". Retrieved 26 October 2018.
- ^ "PagerDuty Visibility and PagerDuty Analytics Released". 11 September 2018. Retrieved 26 October 2018.
- ^ SEC. "PagerDuty S1". SEC.
- ^ Lauren Feiner; Ari Levy (2019-04-11). "PagerDuty pops nearly 60% in debut as tech IPO market heats up". www.cnbc.com. Retrieved 2019-04-11.
- ^ Serrano, Jody (27 January 2023). "PagerDuty CEO Quotes Martin Luther King Jr. in Layoff Email". Gizmodo. Retrieved 28 January 2023.
- ^ Picchi, Aimee (27 January 2023). "CEO faces backlash after quoting Martin Luther King Jr. in announcing layoffs". www.cbsnews.com. Retrieved 28 January 2023.
- ^ Vinn, Milana; Vinn, Milana (2025-07-25). "PagerDuty exploring potential sale after receiving buyer interest, sources say". Reuters. Retrieved 2025-09-22.
- ^ Alex Williams (January 31, 2013). "PagerDuty Raises $10.7M Round From Andreessen Horowitz For IT Alert Service Modeled On AWS System". Tech Crunch.
- ^ Jordan Novet (January 31, 2013). "Seeking more enterprise clients, PagerDuty takes $10.7M in funding". Gigaom. Archived from the original on February 3, 2013.
- ^ "Mutual Fund Giants Make DevOps Startup PagerDuty a Unicorn". Retrieved 26 October 2018.
- ^ Mike Wheatley (13 April 2017). "Application Health Monitoring Platform PagerDuty Lands $43.8M Funding". Silicon Angle.
- ^ Michael Carney (31 July 2014). "IT's Best Friend: PagerDuty raises $27.2M Series B to Help All Companies Manage Infrastructure Like Amazon". Pando.
- ^ Berenice Magistretti (April 13, 2017). "PagerDuty raises $43.8 million to help businesses streamline digital operations". Venture Beat.
- ^ "New Cloud Unicorn: PagerDuty Scores $1.3 Billion Valuation In $90 Million Round". Retrieved 26 October 2018.
- ^ Chowdhry, Amit (2020-09-22). "Why PagerDuty (PD) Is Buying Rundeck For $100 Million". Pulse 2.0. Retrieved 2025-09-17.
- ^ "These Chicago Tech Companies Were Acquired in 2022 | Built In Chicago". Built In. Retrieved 2025-09-22.
- ^ "PagerDuty to Acquire Catalytic - HPA". 3 March 2022. Retrieved 2023-06-01.
- ^ "PagerDuty Scoops Up Incident Management Startup Jeli - TechCrunch". 2 November 2023. Retrieved 2023-11-02.
External links
[edit]- Official website
- Business data for PagerDuty, Inc.:
PagerDuty
View on GrokipediaHistory
Founding and Early Development (2009–2012)
PagerDuty was founded on February 18, 2009, in Toronto, Ontario, by Alex Solomon, Andrew Miklas, and Baskar Puvanathasan, graduates of the University of Waterloo who had previously worked as software engineers at Amazon. The concept emerged from their firsthand experiences managing on-call rotations and dealing with fragmented alerting tools, drawing inspiration from Amazon's internal on-call systems to address issues like alert fatigue and inefficient incident response. In January 2009, the founders left their jobs to prototype the idea, committing the first code to GitHub on the official founding date.[4][11] Development progressed rapidly in the initial months, culminating in an August 2009 beta launch announced on Hacker News. This minimum viable product offered core features such as basic alarm notifications via email, SMS, and phone, alongside simple scheduling for on-call rotations. By December 2009, PagerDuty introduced its paid tier at $299 per month for teams of up to 25 users, marking the transition from beta testing to commercial operations and enabling early revenue generation through self-service sign-ups.[4] In the summer of 2010, the company joined Y Combinator's accelerator program, prompting a relocation to San Francisco to access the U.S. tech ecosystem. Post-Demo Day, PagerDuty raised $1.9 million in seed funding from angel investors, including SV Angel, which supported product refinements and initial scaling efforts.[4] Throughout 2011, the team grew to 11 employees while prioritizing product-market fit, with customer acquisition driven primarily by word-of-mouth referrals from early adopters in tech operations. By 2012, headcount doubled to 22 with the addition of dedicated sales roles, customer numbers exceeded 1,000, and annual recurring revenue reached $3 million—a milestone that validated the business model and positioned the company for institutional venture funding.[4]Expansion and Product Evolution (2013–2018)
In 2013, PagerDuty raised a $10.7 million Series A funding round led by Andreessen Horowitz, enabling the company to expand its team from 20 to 60 employees and assemble an initial executive team.[12][4] By 2014, the company achieved $10 million in annual recurring revenue (ARR) and refined its core product vision around a structured incident response process: triage, notify, fix, and analyze.[4] That year, PagerDuty secured a $27.2 million Series B round led by Bessemer Venture Partners, which supported further development of its platform as a central hub for operations reliability.[13][14] By 2016, PagerDuty had scaled to over $50 million in ARR and approximately 200 employees, reflecting rapid customer adoption among enterprises requiring robust IT incident management.[4] In the summer of that year, Jennifer Tejada was appointed CEO, bringing expertise in scaling software companies to drive enterprise-focused growth.[4] The company continued funding momentum with a $43.8 million Series C round in April 2017, led by Accel, which facilitated international expansion and sales team buildup.[15] Headcount doubled between 2016 and 2018 to support enterprise customer needs, with ongoing hiring planned through 2018.[16] Product evolution during this period shifted PagerDuty from a primarily alerting-focused tool to a comprehensive digital operations platform. Early enhancements emphasized integrations, reaching over 300 by September 2018 to connect with diverse monitoring and DevOps tools.[17] In early 2018, the platform incorporated advanced incident response capabilities beyond basic on-call notifications, targeting complex organizational workflows.[16] Key launches included Event Intelligence in June 2018, which used machine learning to reduce alert noise and prioritize incidents based on patterns.[18] In September 2018, following a $90 million Series D round that valued the company at $1.3 billion, PagerDuty introduced Visibility for real-time service impact assessment and Analytics for operational performance insights, enabling proactive rather than reactive management.[19][20] These developments positioned PagerDuty as a full-spectrum solution for digital operations by the end of 2018.[4]IPO and Post-Public Era (2019–Present)
PagerDuty priced its initial public offering on April 10, 2019, at $24 per share, with shares beginning to trade on the New York Stock Exchange under the ticker symbol "PD" the following day.[21] The company sold 10,430,500 shares, generating net proceeds of approximately $213.9 million after underwriting discounts and commissions.[8] This valued PagerDuty at around $1.8 billion on a fully diluted basis at the IPO price.[22] In the post-IPO period, PagerDuty focused on scaling operations and expanding its platform amid competitive pressures in the digital operations management market. Revenue grew from $118 million in fiscal year 2019 to more than $370 million by fiscal year 2023, reflecting customer adoption and product enhancements.[23] By the second quarter of fiscal 2026 (ended July 31, 2025), quarterly revenue reached $123.4 million, up 6.4% year-over-year, while annual recurring revenue stood at $499 million, increasing 5% from the prior year.[24] [25] The company achieved non-GAAP operating profitability in recent years, though its stock price declined to $16.01 per share as of October 23, 2025, underperforming the IPO level amid broader market volatility in SaaS stocks.[26] [23] To bolster capabilities, PagerDuty executed three acquisitions between 2020 and 2023, targeting incident response and workflow automation.[27] In November 2023, it acquired Jeli, an incident management startup, to integrate retrospective analysis tools into its platform and improve post-incident learning.[28] [29] Earlier, the 2022 purchase of Catalytic aimed at enhancing automation for enterprise workflows.[30] Leadership under CEO Jennifer Tejada, who has held the role since 2016, emphasized hyperscaling and AI integration post-IPO.[31] Recent executive additions included Todd McNabb as Chief Revenue Officer in September 2025 to drive sales growth, and Callum Eade as Vice President of APAC Sales to expand in the Asia-Pacific region.[32] [33] Board changes featured the addition of Zach Nelson, former NetSuite CEO, and Donald J. Carty in response to investor cooperation agreements.[34] [35]Products and Services
Core Incident Management Platform
PagerDuty's core incident management platform serves as the foundational system for handling IT operations disruptions, aggregating alerts from diverse sources such as monitoring tools, customer feedback, and support tickets into a unified interface for rapid triage and response. It employs configurable on-call schedules and escalation policies to notify and mobilize the appropriate responders, ensuring incidents are acknowledged and addressed without delay. To delete a schedule in PagerDuty, go to People > Schedules, select the desired schedule, and choose "Delete this Schedule" from the actions on the right. Confirm the action in the dialog window. Deletion is permanent and cannot be restored. Alternatively, pause or deactivate the schedule by removing it from escalation policies (recommended if historical data preservation is needed). PagerDuty prevents deletion of an on-call schedule if it has associated open incidents to avoid disrupting active incident handling. To delete the schedule, users must first resolve or close all linked open incidents or reassign them to another schedule if possible. Deletion is then possible only if the schedule is not currently referenced by any active services or escalation policies.[36] The platform supports mobile accessibility and real-time updates, enabling teams to manage alerts across devices.[37] Key functionalities include incident creation with detailed timelines, role-based assignments—such as Incident Commander for oversight, Scribe for documentation, and Liaison for communications—and automated workflows that guide remediation steps from detection through resolution. Integration with collaboration tools like Slack and Microsoft Teams facilitates ChatOps, allowing teams to execute commands, share updates, and track progress within familiar environments. This structure minimizes manual errors and coordinates multi-team efforts during high-stakes outages.[38] The platform extends to post-incident analysis, generating reports on metrics like mean time to acknowledgment (MTTA) and mean time to resolution (MTTR), which users leverage for process improvements. With over 700 native integrations and extensible APIs, it connects to existing IT ecosystems for seamless data flow, though customization requires technical setup. PagerDuty reports that adopters achieve up to 70% faster incident resolution times, based on internal benchmarks, though independent verification varies by implementation scale and configuration.[37]Advanced Features and Integrations
PagerDuty Advance encompasses generative and agentic AI capabilities embedded within the Operations Cloud, enabling automation of routine tasks such as incident summarization, diagnostics, and resolution to scale team efficiency without expanding headcount.[39] Key components include AI agents that autonomously process alerts, generate persona-tailored status updates from logs in tools like Slack or Microsoft Teams, and produce post-incident review summaries for stakeholder reporting, thereby reducing mean time to resolution through proactive guidance.[9] The PagerDuty Advance Assistant, an AI chatbot integrated into collaboration platforms, delivers contextual incident insights, troubleshooting recommendations, and multilingual support (including Japanese for summaries), augmenting responder decision-making during active events.[39] Advanced analytics within PagerDuty Advance provide data-driven metrics on incident patterns, response efficacy, and operational bottlenecks, allowing teams to identify recurring issues and refine runbooks for preventive measures.[40] Recent enhancements, such as the June 2025 general availability of integration with Amazon Q Business, extend these AI functions by incorporating business application data for enriched incident context and automated querying across enterprise knowledge bases.[41] PagerDuty facilitates over 700 verified integrations with monitoring, DevOps, ITSM, and collaboration tools, routing events via APIs, webhooks, or the PagerDuty Agent for infrastructure-level alerting.[42] These connections support advanced workflows like event orchestration for deduplication and enrichment, ensuring alerts from diverse sources trigger coordinated responses.[43]- Monitoring and Observability: Integrates with AWS CloudWatch, Datadog, New Relic, and Prometheus to ingest metrics, logs, and traces for real-time anomaly detection and alerting.[42]
- ITSM and Incident Management: Connects to ServiceNow, Jira, and Zendesk for ticket synchronization, escalation, and resolution tracking across siloed systems.[42]
- Collaboration and Communication: Embeds with Slack, Microsoft Teams, and Zoom to enable in-channel notifications, AI-assisted updates, and stakeholder handoffs.[42]
- Cloud and Automation: Supports AWS services (e.g., Auto Scaling, CloudTrail) and custom scripts via Event Orchestration for policy-based routing and remediation.[42]
AI-Driven Capabilities
PagerDuty incorporates artificial intelligence through its AIOps platform, which leverages machine learning to enhance incident management by reducing alert noise, improving visibility, and automating triage processes.[44] This includes Event Intelligence, a machine learning-powered feature that groups related alerts into single incidents, filtering out up to 98% of noise using data science techniques to minimize interruptions and alert fatigue.[45] Introduced as part of PagerDuty's evolution in operations intelligence, these capabilities enable teams to focus on high-impact issues rather than sifting through redundant notifications.[46] In addition to core ML-driven grouping and noise reduction, PagerDuty's AI extends to automation of repetitive tasks, such as event processing and initial response orchestration, allowing for faster resolution times and reduced manual intervention in incident workflows.[47] The platform has supported these AIOps functions for over a decade, emphasizing secure and reliable AI integration tailored for IT operations.[48] Features like intelligent alert grouping dynamically consolidate alerts based on patterns, further streamlining response efforts without requiring custom rules for every scenario.[49] On October 8, 2025, PagerDuty launched an end-to-end AI agent suite, marking a shift toward agentic AI for autonomous issue resolution.[50] Centered on a generative AI assistant, the suite detects anomalies in real time, orchestrates complex workflows, and automates end-to-end incident handling from notification to post-incident review, aiming to slash response times and mitigate engineer burnout.[51] These AI agents learn from operational data to handle routine incidents independently, transforming reactive DevOps into proactive, scalable operations while integrating with existing tools for broader enterprise resilience.[52]Business Operations
Leadership and Governance
PagerDuty's executive leadership is led by Jennifer Tejada, who has served as chief executive officer and board chairperson since 2016, overseeing the company's growth from incident response pioneer to digital operations management provider.[53] The senior team includes Howard Wilson as chief financial officer, responsible for financial strategy and operations; Tim Armandpour as chief technology officer, directing technology development; and Katherine Post Calvert as chief marketing officer, managing global marketing initiatives.[31] Other key roles encompass Allison Corley as chief customer officer, Jeff Hausman as chief product development officer, Eric Johnson as chief information officer, Debbie O’Brien as chief communications officer and vice president of global impact, Pritesh Parekh as chief information security officer, and Todd McNabb as chief revenue officer, appointed effective September 3, 2025, to drive sales and customer expansion.[31][54] The board of directors consists of ten members as of October 2025, blending internal and independent perspectives to guide strategic oversight. Jennifer Tejada serves as chair, with Zachary Nelson acting as independent presiding director; other independent directors include Teresa Carlson, Donald J. Carty (appointed April 28, 2025), Sarah Franklin (appointed December 4, 2024), Elena Gomez, Bill Losch, Rathi Murthy, Alex Solomon, and Bonita C. Stewart.[31][55][56] Corporate governance practices are outlined in PagerDuty's Corporate Governance Guidelines, revised June 3, 2025, which emphasize board independence, ethical standards, and alignment with shareholder interests through majority voting and annual evaluations.[57] The board operates via dedicated committees: the audit committee, chaired by Zachary Nelson with members including Teresa Carlson and Sarah Franklin; the compensation committee, overseeing executive pay; and the nominating and corporate governance committee, focused on director selection and policy.[58] Additional documents, such as the Code of Business Conduct and Ethics and committee charters, enforce compliance and risk management.[59]Funding, Acquisitions, and Growth Strategy
PagerDuty secured approximately $174 million in venture capital funding across five rounds prior to its initial public offering (IPO). The company's first funding round occurred on September 29, 2010, followed by early-stage investments, with the largest being a $90 million Series D round on September 6, 2018, led by investors including Bessemer Venture Partners and valuing PagerDuty at $1.3 billion.[60][20] These funds supported product development and market expansion in incident response software. In January 2019, PagerDuty went public on the New York Stock Exchange under the ticker PD, raising $152 million in its IPO at a valuation of about $1.6 billion. Post-IPO, the company pursued additional capital through debt financing, including a $350 million private placement of 1.50% convertible senior notes in October 2023 to fund AI investments and global scaling.[3] To enhance its platform capabilities, PagerDuty has executed strategic acquisitions focused on automation, analytics, and incident management. In 2021, it acquired Rundeck, a DevOps automation provider, to integrate runbook automation and strengthen enterprise workflow orchestration.[61] This was followed by the 2022 acquisition of Catalytic, which added no-code workflow automation to streamline operational processes.[62] In November 2023, PagerDuty completed the purchase of Jeli, an incident analysis platform, to improve post-incident reviews and AI-driven insights for enterprise users.[28] These moves, totaling at least three major deals as of 2025, aimed to build an end-to-end automated incident management solution amid competition in digital operations.[27] Post-IPO growth strategy has centered on achieving operational profitability, expanding AI and machine learning features, and bolstering sales execution to drive annual recurring revenue (ARR) in enterprise segments. By fiscal 2026, PagerDuty reported ARR of $499 million, up 5% year-over-year, with emphasis on positive free cash flow and non-GAAP profitability despite moderating revenue growth rates around 6%.[63] Key initiatives include acquisitions for feature augmentation, global operations scaling, and capital returns via share buybacks—expanding a program to $150 million in 2025 to signal confidence in long-term value creation.[64] The approach prioritizes hyperscaling through product-led differentiation in incident response over aggressive expansion, adapting to market shifts favoring efficiency.[23]Financial Performance and Market Position
PagerDuty went public on January 16, 2019, with shares opening at $24.25 and reaching an all-time high closing price of $57.37 on June 14, 2019.[26] As of October 2025, the stock traded around $16 per share, reflecting a significant decline from its post-IPO peak amid decelerating revenue growth and broader market pressures on SaaS valuations.[65] The company's trailing twelve-month revenue as of mid-2025 stood at $483.61 million, up 8.20% year-over-year, with annual revenue for fiscal year 2025 (ended January 31, 2025) at $467.50 million, reflecting 8.54% growth.[66] In its second quarter of fiscal 2026 (ended July 31, 2025), PagerDuty reported revenue of $123 million, a 6% increase year-over-year, alongside annual recurring revenue (ARR) of $499 million, up 5% from the prior year.[63] This marked a slowdown from earlier double-digit growth rates, attributed to macroeconomic headwinds and elongated sales cycles in enterprise software, though the company achieved its first GAAP-profitable quarter with 25% operating margins.[67] Free cash flow reached $108.6 million in the period, supporting projections for steady margin expansion, with analysts forecasting revenue of $572.1 million by 2028 at a 6.3% compound annual growth rate.[68][69]| Fiscal Year/Quarter | Revenue ($M) | YoY Growth (%) | Key Notes |
|---|---|---|---|
| FY2025 (Full Year) | 467.50 | +8.54 | Path to profitability initiated[66] |
| Q4 FY2025 | 121 | +9.30 | AI features emphasized[70] |
| Q2 FY2026 | 123 | +6.00 | First profitable quarter; ARR $499M[63] |
