PagerDuty
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Investors
Founders
About
PagerDuty is a digital operations management platform that helps companies manage IT incidents and alerts in real time 1. Founded in 2009 by University of Waterloo graduates Alex Solomon, Andrew Miklas, and Baskar Puvanathasan, the company participated in Y Combinator before raising institutional funding 2. PagerDuty went public on the NYSE on April 11, 2019, raising $218 million at a $1.8 billion valuation 3.
Funding History
| Round | Date | Amount | Lead Investor(s) | Key Co-Investors |
|---|---|---|---|---|
| Seed | 2010-09-29 | $1.9M | Baseline Ventures, Harrison Metal, Ignition Partners | SV Angel, Michael Dearing, Steve Anderson |
| Series A | Jan 2013 | $10.7M | Andreessen Horowitz | Baseline Ventures, Harrison Metal, Jesse Robbins |
| Series B | Jul 2014 | $27.2M | Bessemer Venture Partners | Andreessen Horowitz, Baseline Ventures, Harrison Metal |
| Series C | Apr 2017 | $43.8M | Accel | Andreessen Horowitz, Bessemer Venture Partners, Baseline Ventures, Harrison Metal |
| Series D | Sep 2018 | $90M | T. Rowe Price, Wellington Management | Accel, Andreessen Horowitz, Bessemer Venture Partners |
| IPO | 2019-04-11 | $217.68M | Morgan Stanley, J.P. Morgan | RBC Capital Markets, Allen & Company |
The seed round was not led by a single firm; it was a priced angel/seed round with Baseline Ventures, Harrison Metal, and Ignition Partners as the institutional participants, alongside SV Angel and angels Michael Dearing and Steve Anderson 68. PagerDuty priced its IPO on April 10, 2019 at $24.00 per share (9,070,000 shares), with trading commencing on the NYSE on April 11, 2019 under ticker “PD”; shares opened around $38.25, implying a roughly $2.8 billion opening market capitalization versus the $1.8 billion pricing valuation 379.
What Investors Say
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What Founders Say
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Sources
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PagerDuty Newsroom, “PagerDuty Raises $27.2 Million to Become the Hub of Every Company’s Operations to Increase Reliability,” July 2014. https://www.pagerduty.com/newsroom/pagerduty-raises-27-million-to-increase-operations-reliability/↩↩
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TechCrunch, “PagerDuty Raises $10.7M Round From Andreessen Horowitz For IT Alert Service Modeled On AWS System,” January 2013. https://techcrunch.com/2013/01/31/pagerduty-raises-10-2m-round-from-andreessen-horowitz-for-it-alert-service-modeled-on-aws-system/↩↩
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CNBC, “PagerDuty pops nearly 60% in debut as tech IPO market heats up,” April 2019. https://www.cnbc.com/2019/04/11/pagerduty-pops-more-than-50percent-in-debut-as-tech-ipo-market-heats-up.html↩↩↩
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PagerDuty Newsroom, “PagerDuty’s Strong Performance Drives $43.8 Million Series C Investment to Secure Leadership in Digital Operations Management,” April 2017. https://www.pagerduty.com/newsroom/2017q1-company-momentum/↩
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PagerDuty Newsroom, “PagerDuty Raises $90M Series D Investment to Expand Its Platform for Real-Time Operations,” September 2018. https://www.pagerduty.com/newsroom/raises-series-d-investment/↩
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Crunchbase, “Seed Round - PagerDuty,” accessed March 2026. https://www.crunchbase.com/funding_round/pagerduty-seed–9840ce63↩↩
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PagerDuty Newsroom, “PagerDuty Announces Pricing of Initial Public Offering,” April 2019. https://www.pagerduty.com/newsroom/initial-public-offering-pricing/↩↩
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PagerDuty Blog, “A Decade of Duty: A Brief Look at PagerDuty’s History,” accessed April 2026. https://www.pagerduty.com/blog/decade-of-duty/↩↩
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PR Newswire, “PagerDuty Announces Pricing of Initial Public Offering,” April 10, 2019. https://www.prnewswire.com/news-releases/pagerduty-announces-pricing-of-initial-public-offering-300830420.html↩↩