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

Israeli startup groundcover has raised $100 million in a funding round that values the company at $500 million. The round highlights investor interest in AI-powered tools for cloud observability and monitoring.

Groundcover says it aims to replace Datadog by offering lower-cost, high-performance alternatives for managing software systems in cloud environments.