groundcover Raises $100 Million Series C to Scale AI-Era Observability Platform

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Cloud observability company groundcover has raised $100 million in Series C funding as it looks to expand a platform designed to help engineering teams and AI agents understand increasingly complex production environments. The round was led by One Peak, with participation from Morgan Stanley Expansion Capital and existing investors Zeev Ventures, Angular Ventures, Heavybit and Jibe. It brings groundcover’s total funding to $160 million. The financing follows a year in which the company says it…