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Can this license be used to, say, create a Datadog-like SaaS powered by TimescaledDB?

In most cases, yes, the license will permit this.

(There is discussion elsewhere in this threads about whether you give DDL access to your users, i.e., they themselves define schemas, tables, indexes, etc. Otherwise, Datadog is primarily a Value Added Service over just the database; huge numbers of companies utilize Timescale for building their SaaS services.)

It depends on the amount of access to TimescaleDB the services provides.

If you're really curious, I'd be happy to chat: ajay (at) timescale.com

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