Groundcover

Cloud monitoring platform groundcover acquires Israeli startup Wand in its first-ever deal, integrating automated infrastructure resource management into its Kubernetes monitoring systems.

Groundcover has completed a major funding round that quadrupled its valuation, bringing total capital raised to $160 million, led by British fund One Peak and Morgan Stanley Expansion Capital.

The groundcover company has completed a third funding round led by One Peak, bringing its total funding to $160 million. The company, which has developed a platform for monitoring computer systems, employs 140 people and reports more than 250 paying customers.

The startup helps managers more accurately track artificial intelligence activity within their organizations. The funding round was led by the British fund One Peak.