Dynatrace is another high profile SaaS company that went public in 2019 under “DT” for 16$ per share valuing the company at $4.5B. First day of trading saw the shares rise 49% to around 23$ per share.

Evolution of Dynatrace

Dynatrace has had a very circuitous route to where it stands today. It started in 2005 originally and remained a private company raising from Bain Capital Ventures and Bay Partners across a $5 million 2007 Series A, a $12.9 million 2008 Series B, and a small 2011 venture round of just $4 million. It got acquired by Compuware for…