groundcover
Summary active Updated Jul 29, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
groundcover is a Tel Aviv-based cloud-native observability platform that allows engineering teams to monitor applications, cloud infrastructure, and AI workloads from within customers’ own cloud environments 123. Founded in 2021 and led by CEO Shahar Azulay, the company reports having tripled annual recurring revenue and doubled its global headcount in the year prior to the raise 12. On 2026-07-29, groundcover announced a $100 million Series C led by One Peak at a reported $500 million valuation, bringing total funding to $160 million 123. The capital supports go-to-market expansion in North America and deeper AI capabilities in the product roadmap 12.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-29 | Series C | $100M | One Peak | Morgan Stanley Expansion Capital, Zeev Ventures, Angular Ventures, Heavybit, Jibe 123 |
What Investors Say
No independently sourced investor commentary quoted at press time.
What Founders Say
“We want to replace Datadog.”
— Shahar Azulay, CEO of groundcover, quoted in CTech 3
Sources
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BusinessWire, “groundcover Raises $100 Million Series C to Create the Observability Platform Built for the AI Era,” July 29, 2026. Accessed July 2026. https://www.businesswire.com/news/home/20260729686071/en/groundcover-Raises-$100-Million-Series-C-to-Create-the-Observability-Platform-Built-for-the-AI-Era↩↩↩↩↩
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citybiz, “Groundcover Raises $100 Million Series C to Expand AI Observability Platform,” July 2026. Accessed July 2026. https://www.citybiz.co/article/881000/groundcover-raises-100-million-series-c-to-expand-ai-observability-platform/↩↩↩↩↩
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CTech, “‘We want to replace Datadog’: groundcover raises $100 million at $500 million valuation as AI reshapes observability,” July 2026. Accessed July 2026. https://www.calcalistech.com/ctechnews/article/r19aupvrme↩↩↩↩