Groundcover Raises $100 Million Series C for Observability Platform

Israeli cloud-observability company groundcover announced a $100 million Series C led by One Peak, with Morgan Stanley Expansion Capital and existing investors participating. The round lifts total funding to $160 million, after a year in which the company says it tripled annual recurring revenue and doubled its global workforce to 140. Founded by Shahar Azulay and Yechezkel Rabinovich, groundcover says its platform keeps monitoring data inside customers' cloud environments. The company plans to expand in North America and other markets, deepen cloud-provider partnerships, and accelerate its AI and core observability products.