Groundcover raises $35M Series B to dethrone Datadog with a new observability model

Groundcover Startup Overview

• Startup Name: Groundcover
• Founders:
  • Shahar Azulay – CEO (Former ML Manager at Apple)
  • Yechezkel Rabonivich – Co-Founder (Former Chief Architect at CyberMDX)
• Founded: 2021

Funding Details

• Total Funding Raised: $60 million
• Latest Funding Round: Series B
• Amount Raised in Series B: $35 million
• Funding Date: Recent Tuesday (exact date not specified)

Investors

• Lead Investor: Zeev Ventures
• Other Participating Investors:
  • Angular Ventures
  • Heavybit
  • Jibe Ventures

Key Highlights

• Groundcover aims to provide enterprises with deep visibility and on-premise data control, challenging legacy platforms like Datadog, New Relic, and Grafana Cloud.
• The startup emphasizes a “bring your own cloud” approach, using eBPF technology for high-performance monitoring without invasive code instrumentation.
• Groundcover has reported significant growth, with a 500% increase in annual recurring revenue and a growing customer base, including Fortune 100 companies.

This summary encapsulates the startup’s mission, relevant funding, and founders, showcasing its potential in the observability software market.

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2025-04-10 16:00:00