groundcover raises 500M valuation
July 2026 — Israeli observability startup groundcover raised 160M; valuation ~$500M (~4× prior round).
Founded 2021 by Shahar Azulay (CEO) and Yechezkel Rabinovich (CTO). Tripled ARR; workforce doubled to 140 (80 Israel, rest Boston/SF). 250+ paying customers. Company aims ~$100M annual sales over coming years. Positioning vs Datadog/legacy observability.