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groundcover Valuation, Funding & Investors
groundcover is valued at $500M as of July 2026.
Last groundcover valuation
$500M
Series C · Jul 2026
Last groundcover funding round
$100M
Series C · Jul 2026
Cumulative funding groundcover raised
$160M
across 4 funding rounds
Key investors in groundcover
Heavybit
Angular Ventures
Zeev Ventures
Jibe Ventures
Morgan Stanley Expansion Capital
One Peak
About groundcover
groundcover is an observability platform for Kubernetes clusters powered by eBPF technology. It collects metrics, logs, and traces without agents, unifying data into interactive dashboards for troubleshooting distributed applications. The service supports multi-cluster environments and integrates with tools like Prometheus and OpenTelemetry. groundcover delivers root cause analysis through service maps and anomaly detection, enabling engineering teams to monitor production workloads in AWS, GCP, and Azure from its Tel Aviv headquarters.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$500M (Jul 2026)
groundcover Valuation
groundcover is currently valued at $500M, based on its Series C in July 2026.
The $100M round was led by One Peak, with participation from Morgan Stanley Expansion Capital, Jibe Ventures, Zeev Ventures, Heavybit and Angular Ventures.
groundcover valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2026 | Series C | $500M |
groundcover Funding History
groundcover has raised a total of $160M across 4 funding rounds.
groundcover's first fundraising round was a $5M seed round in January 2022. The most recent completed round was a $100M Series C in July 2026.
groundcover funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Series C | One Peak (lead); Morgan Stanley Expansion Capital; Jibe Ventures; Zeev Ventures; Heavybit; Angular Ventures | $100M | $500M | groundcover raised a $100 million Series C in July 2026 led by One Peak, with participation from Morgan Stanley Expansion Capital and existing investors Zeev Ventures, Angular Ventures, Heavybit, and Jibe. The round brought total funding to $160 million and was reported to value the company at about $500 million. The company said it tripled annual recurring revenue and doubled its global headcount over the prior year, and planned to use the capital to accelerate go-to-market efforts in North America, expand internationally, and strengthen its partner program. groundcover is an observability platform founded in 2021 that uses bring-your-own-cloud, eBPF, and OpenTelemetry-native architecture so customers keep monitoring data inside their own cloud. The company is positioned for cloud and AI-era observability use cases and is backed by a mix of growth and venture investors. Reported uses of proceeds and strategic context center on scaling sales, international expansion, and product development around observability for AI workloads. |
| Apr 2025 | Series B | Zeev Ventures (lead); Jibe Ventures; Heavybit; Angular Ventures | $35M | - | groundcover is a Tel Aviv-based, eBPF-driven observability platform designed for modern cloud-native architectures, offering comprehensive monitoring of logs, metrics, and traces in Kubernetes and cloud environments without high costs or complexity. Founded in 2021 by CEO Shahar Azulay (ex-Apple ML Manager) and CTO Yechezkel Rabinovich (ex-CyberMDX Chief Architect), both alumni of an elite cyber unit in Israel's Prime Minister’s office, the company provides a 'Bring Your Own Cloud' (BYOC) solution that allows enterprises to host observability data on-premise while retaining SaaS-like management and benefits. On April 10, 2025, groundcover raised $35 million in a Series B funding round led by Zeev Ventures, with participation from existing investors Angular Ventures, Heavybit, and Jibe Ventures, bringing total funding to $60 million. The proceeds will fuel aggressive expansion in the US market, where it has successfully displaced legacy observability providers like Datadog, New Relic, and Grafana Cloud, as well as strengthen partnerships with AWS and GCP, and further develop its eBPF-native platform. The platform serves hundreds of enterprises, including fast-growing tech firms and Fortune 100 companies, with 60 employees as of the announcement. It has achieved over 500% ARR growth year-over-year, positioning it to capitalize on industry shifts toward AI-enhanced observability and cost-efficient alternatives to incumbents. Zeev Ventures' Oren Zev highlighted groundcover's potential to set new standards in observability depth, efficiency, and security. |
| Sep 2022 | Series A | Zeev Ventures (lead); Heavybit; Angular Ventures | $20M | - | Groundcover is a cloud-native observability platform leveraging eBPF technology for monitoring modern production environments, providing real-time insights into logs, metrics, traces, and infrastructure performance in Kubernetes and cloud infrastructures. Founded in 2021 by CEO Shahar Azulay (ex-Apple machine learning manager) and Yechezkel Rabinovich (ex-chief architect at CyberMDX), the company emerged from challenges faced in APM during their time in an elite cyber unit at the Israeli Prime Minister’s office. In September 2022, Groundcover raised $20 million in a Series A round led by Zeev Ventures, with participation from Angular Ventures, Heavybit, and Jibe Ventures, bringing total funding to $24.5 million at that time. The capital was intended to raise awareness of the platform, which helps companies monitor cloud app performance and replace legacy solutions amid growing demand for APM tools. The platform positions itself against incumbents like Datadog, New Relic, Grafana Cloud, Splunk, and Sumo Logic in a market projected to reach nearly $9 billion by 2026 per Gartner. A later Series B round in April 2025 raised $35 million from the same lead Zeev Ventures and existing investors Angular Ventures, Heavybit, and Jibe Ventures, increasing total funding to $60 million for US expansion, AWS/GCP partnerships, and platform development. This underscores Groundcover's growth trajectory with its 'bring your own cloud' model emphasizing cost efficiency, security, and eBPF-native observability. |
| Jan 2022 | Seed | Angular Ventures (lead); Heavybit (lead); Jibe Ventures | $5M | - | groundcover is an eBPF-driven observability platform for modern cloud-native architectures, providing super-granular visibility into Kubernetes clusters, traces, metrics, and logs at a fraction of traditional APM costs through flat, predictable pricing and efficient data processing. The company offers a free tier and breaks volume-based pricing models of incumbents like Datadog and New Relic, enabling teams to scale without budget surprises. In September 2022, groundcover raised $24.5 million total, comprising $4.5 million seed and $20 million Series A led by Zeev Ventures, with participation from Angular Ventures, Heavybit, and Jibe Ventures. Funds supported product development and awareness to address rising observability costs amid growing data volumes in complex tech stacks. Customers included Lemonade, with plans to expand headcount to 40 by year-end. groundcover competed in the APM sector against Datadog, New Relic, Sentry, Instana, and Epsagon by reinventing monitoring for cloud-native apps. By April 2025, it raised $35 million Series B led by Zeev Ventures with the same investors, bringing total funding to $60 million for US expansion, where it replaced legacy solutions. |
Who has invested in groundcover?
6 investors have backed groundcover across its funding rounds, including Heavybit, Angular Ventures, Zeev Ventures, Jibe Ventures, Morgan Stanley Expansion Capital and One Peak.
Lead investors include One Peak, Zeev Ventures, Angular Ventures and Heavybit.
groundcover Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Jan 2022 | ||
| 4 | Lead | Jan 2022 | ||
| 3 | Participant | Jan 2022 | ||
| 3 | Lead | Sep 2022 | ||
This data is available for Pro users. Sign up to see all 6 groundcover investors. Start Free Trial | ||||
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Start Free Trialgroundcover Competitors
groundcover competitors include listed companies like Claritev and Guiyang Longmaster, and private ones like Suki, Plenful, Rad AI and Heidi Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $105M | - | $500M | - | ||
| Private | - | - | $487M | - | ||
| Private | - | - | $525M | - | ||
| Private | $15M | - | $465M | 31.0x | ||
| Publicly listed | $965M | $466M | $538M | 5.2x | ||
| Publicly listed | $44M | $5M | $482M | - |
groundcover Public Comps
groundcover is still privately-owned, but its public comps include Napatech, Kinx, Guiyang Longmaster, GPI Group, Veradigm, Claritev, Equasens, Medley Inc., Heren Health and Shang Gong Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $23M | ($10M) | 21.5x | 15.4x | (50.5x) | (102.7x) | |||
| $116M | $37M | 4.5x | 4.6x | 14.1x | 15.6x | |||
| $44M | $5M | 10.0x | - | 87.9x | - | |||
| $628M | $117M | 1.4x | 1.4x | 7.3x | 6.5x | |||
| $588M | $54M | 0.9x | 0.9x | 9.8x | 6.8x | |||
| $965M | $466M | 5.4x | 5.2x | 11.2x | 8.5x | |||
| $272M | $75M | 1.9x | 1.8x | 7.0x | 6.7x | |||
| $236M | $32M | 2.1x | 1.8x | 15.7x | 13.2x | |||
This data is available for Pro users. Sign up to see all groundcover competitors and their valuation data. Start Free Trial | ||||||||
Common questions about groundcover
| When was groundcover founded? | groundcover was founded in 2021. |
| Where is groundcover headquartered? | groundcover is headquartered in Tel Aviv, Israel. |
| Is groundcover publicly listed? | No, groundcover is a private, VC-backed company. |
| What is groundcover's valuation? | groundcover was last valued at $500M in its Series C in July 2026. |
| How much funding has groundcover raised? | groundcover has raised $160M across 4 funding rounds. |
| What was groundcover's last funding round? | groundcover's last funding round was a $100M Series C in July 2026, led by One Peak. |
| Who are groundcover's investors? | groundcover's investors include Heavybit, Angular Ventures, Jibe Ventures, Zeev Ventures, Morgan Stanley Expansion Capital and One Peak. |
| Which companies are comparable to groundcover? | Companies comparable to groundcover include Suki, Plenful, Rad AI, Heidi Health, Claritev and Guiyang Longmaster. |
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