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groundcover secures 35 million to challenge legacy observability platforms
Israeli startup Groundcover has raised $35 million in Series B funding, aiming to disrupt legacy APM platforms with its unique architecture that prioritizes on-premise data control and deep visibility. Founded in 2021 by former cyber unit members, the company leverages eBPF technology for efficient monitoring, claiming a 500% growth in annual recurring revenue and partnerships with major cloud providers. Groundcover's AI-powered migration tool facilitates quick transitions from competitors like Datadog, enhancing its appeal to enterprises seeking cost-effective observability solutions.
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