Israeli observability startup Groundcover raises $100M Series C at $500M valuation, tripling revenue as it challenges Datadog's pricing model with AI-focused monitoring platform managing data in customer cloud environments.

“We want to replace Datadog”: groundcover raises $100 million at $500 million valuation as AI reshapes observa

The Israeli startup says traditional monitoring platforms were not built for the explosion of data generated by cloud and AI systems. The Series C brings groundcover’s total funding to $160 million as it targets a market dominated by legacy giants. Groundcover has raised $100 million in a Series C funding round led by One Peak, with participation from Morgan Stanley Expansion Capital and existing investors Zeev Ventures, Angular Ventures, Heavybit, and Jibe. The round brings the company's total ...