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groundcover raises $100 million in Series C funding led by One Peak to enhance its observability platform built for the AI era.
Amount Raised
$100 Million
Round Type
Series C
Tel AvivSoftwareInvestors
Description
groundcover, the leading bring-your-own-cloud observability platform, has secured $100 million in its Series C funding round. The investment was led by One Peak, alongside Morgan Stanley Expansion Capital and existing investors. This funding will support the company's efforts to strengthen its platform and expand its market presence. The round follows a successful year for groundcover, which saw its annual recurring revenue triple.
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