groundcover (see Pulse 2.0 profile here), an eBPF-driven observability platform for modern architectures, announced that it raised $35 Million in Series B funding led by Zeev Ventures with follow-up participation from Angular Ventures, Heavybit, and Jibe Ventures. This round brings the company’s total funding to $60 million.
The funding will be used to aggressively expand in the USA, where it has seen success replacing legacy observability solutions like Datadog, New Relic, Grafana Cloud, and others.
groundcover is known as the first “Bring Your Own Cloud” (BYOC) observability solution, redefining the architecture of a modern observability platform by enabling customers to host their observability data on-premise, while still being fully managed by groundcover.
groundcover also utilizes eBPF to collect observability data straight from the Linux kernel, providing engineers with granular visibility into their entire environment including traces, application-level metrics, infrastructure performance and application logs.
groundcover has grown over 500% in ARR since last year and the company is investing in major partnerships including AWS, GCP and others. And their modern observability platform is used by hundreds of enterprises, ranging from fast-growing technology companies to the Fortune 100.
KEY QUOTES:
“Our platform offers much better coverage and value than the legacy application monitoring solutions that have been around for over a decade. We are the only solution built with eBPF at the forefront from day one, and we are now pioneering the ‘bring your own cloud’ approach to observability that enables organizations to keep their data on premise while maintaining all of the benefits of the SaaS experience.”
- Shahar Azulay, CEO and Co-Founder of groundcover
“groundcover is fundamentally reshaping the observability landscape. With its eBPF-driven platform and ‘Bring Your Own Cloud’ approach, it’s setting a new standard for depth of observability, cost efficiency, and security. As the industry continues to shift to richer experiences, such as AI, around observability data, groundcover with its unique and modern architecture is positioned to outpace legacy solutions and dominate the space.”
- Oren Zev, Founder of Zeev Ventures
“With Datadog, we were paying for both infrastructure and observability, effectively doubling costs. With groundcover, we host it ourselves and define our own retention policies – no more expensive SaaS markups, unexpected overages, or forced data deletions due to cost limits.”
- Alex Nauda, CTO of Nobl9
