Hyperscaler DependencePlatform economics closely tied to major cloud providers create risk if hyperscalers accelerate their own data and AI offerings, potentially pressuring margins and customer retention.
Market Competition In ObservabilityEntering a fragmented and competitive observability market exposes the company to well-established rivals, which could limit immediate gains from any expansion into that space.
Revenue Concentration And Usage SensitivityDependence on a few very large customer migrations and sensitivity to customer optimization cycles raises downside risk if major migrations do not recur or usage trends soften.