groundcover, an observability startup that keeps customers’ monitoring data inside their own cloud, has raised $100 million in a Series C round.
The financing was led by the growth investor One Peak, with Morgan Stanley Expansion Capital and existing backers Zeev Ventures, Angular Ventures, Heavybit, and Jibe also taking part.
The round brings the company’s total funding to $160 million. It follows a year in which groundcover says it tripled annual recurring revenue and doubled its headcount, the sort of trajectory that tends to precede a larger cheque.
groundcover sells observability, the software engineers use to watch what their systems are doing in production. Its pitch is architectural: rather than shipping telemetry off to a vendor’s cloud, it runs inside the customer’s own environment under a “bring your own cloud” model, keeping the data private and, the company argues, cheaper to hold.
The technical hook is eBPF. The company’s sensor uses the Linux kernel technology to capture full-fidelity telemetry across infrastructure, applications, and AI workloads without code changes or sampling, then pairs it with native support for OpenTelemetry, the open instrumentation standard.The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
