Dynatrace acquires Arize AI

AUGUST 14, 2026

Dynatrace acquires Arize AI

TARGET

Arize AI

AI observability and evaluation platform that helps AI engineering teams trace, debug, evaluate, and monitor LLM applications and autonomous agents across the full development-to-production lifecycle.

Deal value	$915M purchase price
Ownership	VC-backed · Adams Street Partners, TCV, Battery Ventures, Foundation Capital, M12 (Microsoft's venture fund) +5 more
Capital raised	$131M
Headcount	~200 FTEs
Headquarters	Berkeley, California
Sell-side advisor	Qatalyst Partners

ACQUIRER

Dynatrace

Publicly traded AI-powered observability and application monitoring platform (NYSE: DT)

Ownership	—
Headquarters	Boston, Massachusetts
Buy-side advisor	J.P. Morgan

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Dynatrace -> Arize AI  (2026-08-21)
strategic_acquisition | DevTools/Infrastructure | $915 million purchase price | announced
Target: AI observability and evaluation platform that helps AI engineering teams trace, debug, evaluate, and monitor LLM applications and autonomous agents across the full development-to-production lifecycle.
Buyer site: dynatrace.com
HQ: Berkeley, California | Ownership: vc-backed
Advisors - Sell-side: Qatalyst Partners; Buy-side: J.P. Morgan
Source: Thematic - https://thematichq.com/software/d/dynatrace-arize-ai.html

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