What does groundcover do?
Groundcover is an eBPF-driven observability platform for modern architectures. It provides a Bring Your Own Cloud (BYOC) solution that allows customers to host their observability data on-premises while the platform remains fully managed. The solution collects detailed data directly from the Linux kernel, offering granular visibility into application logs, traces, metrics, and infrastructure performance.
How much did they raise?
The company raised $35M in its Series B round, led by Zeev Ventures with follow-up participation from Angular Ventures, Heavybit, and Jibe Ventures. This funding round brought its total funding to $60M USD.
What are their plans for the money?
With the new funds, Groundcover plans to expand its operations in the USA and further enhance its platform. The investment is expected to accelerate its partnerships with major cloud providers like AWS and GCP, enabling broader market reach and enriched product capabilities.
What have they achieved so far?
Groundcover has demonstrated impressive growth with a more than 500% increase in ARR compared to last year, growing its team to 60 employees and serving hundreds of enterprises, including several from the Fortune 100.
