# GroundWork

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/groundwork

- Industry: IT Security/Cybersecurity
- Headquarters: San Francisco, US
- Website: www.gwos.com
- Total disclosed funding: $29M
- Latest round: Series D (Oct 13, 2009)
- Investors on record: 4

## About

GroundWork, Inc. is a technology company specializing in IT monitoring solutions that enhance operational efficiency for businesses. It offers robust software designed for comprehensive infrastructure management in diverse environments.GroundWork, Inc. provides IT monitoring solutions with a focus on the GroundWork Monitor Enterprise software. The company is headquartered in San Francisco, US. It was acquired by TFS Technology, Inc. in February 2016 as part of a strategic acquisition. The current CEO is Dave Lilly.GroundWork Open Source, Inc. specializes in comprehensive IT monitoring solutions, with its primary offering being the GroundWork Monitor Enterprise. This sophisticated software is designed to seamlessly monitor physical, virtual, and cloud-based infrastructures, providing a unified platform for performance and operational data analysis. Released in its latest version 8.7.0, GroundWork Monitor Enterprise is engineered to track application health, facilitate automated monitoring deployment, and identify network issues, thereby enabling organizations to streamline their IT operations. The company caters to a diverse clientele, including some of the largest organizations worldwide, across various sectors that demand robust IT management solutions. Geographically, GroundWork's services extend to North America and parts of Europe, where businesses are increasingly reliant on integrated monitoring tools to manage their dynamic IT environments.GroundWork's revenue model primarily revolves around subscriptions for its software solutions, which allows clients to access the GroundWork Monitor Enterprise and its associated features on an ongoing basis. Clients engage in B2B transactions, often entering into multi-year agreements that provide them with continuous support and software updates. The pricing structure is typically aligned with the size and complexity of the client’s IT environment, with different tiers available based on the scale of monitoring requirements. GroundWork also offers additional services such as implementation sessions and personalized demos, which enhance customer engagement and facilitate smoother onboarding processes. The company's commitment to providing a versatile monitoring solution reflects its strategic positioning in the IT management sector, appealing to enterprises that require a comprehensive approach to monitoring their infrastructure.GroundWork, Inc. plans to continue enhancing its product offerings, with future releases of the GroundWork Monitor Enterprise aimed at improving monitoring capabilities. The company is targeting expansion into new geographic markets in Europe by the end of 2023, leveraging recent funding. In February 2016, GroundWork was acquired by TFS Technology, Inc., which may facilitate additional resources for these initiatives.

## Funding rounds

- Series D, Oct 13, 2009, $5M — Mayfield Fund, Canaan Partners, Sapphire Ventures, Icon Ventures
- Series C, Feb 6, 2007, $13M — Mayfield Fund, Canaan Partners, Sapphire Ventures, Icon Ventures
- Series B, Mar 30, 2005, $8.5M — Mayfield Fund, Canaan Partners
- Series A, Feb 29, 2004, $3M — Canaan Partners

## Investors

- Canaan Partners (https://capitalatlas.ai/funds/canaan-partners) — Series A, Series B, Series C, Series D
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series B, Series C, Series D
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series C, Series D
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series C, Series D