Funded Tech Companies
bitdrift
Operating out of San Francisco, bitdrift has funding from Lyft, Amplify Partners and 01 Advisors.
Company Overview
Company Name
bitdrift
Company Status
Private & Independent
Industry
Funding Rounds
Total Funding
Contact Information
Mailing Address
600 California Street, 11th Floor
San Francisco, CA 94108
USA
San Francisco, CA 94108
USA
Phone
Undisclosed
Website
Email Address
Company Background Information
Overview
bitdrift was born out of years of frustration while building internet infrastructure at scale. Founded with years of collective experience (and tears!) at companies such as Lyft, Twitter, AWS, Square, Google, Microsoft, and Netflix, including creating Envoy, we came to realize an ugly truth: the observability ecosystem as it exists today is broken. As the industry has evolved, our frameworks and tools have improved by leaps and bounds, and today we have the best visibility we've ever had. But we're drowning in a sea of noise: 95% of the data collected to monitor the health of systems is never read. Not by an engineer, not by a machine, not by a data scientist, not by anyone! Yet the vendors and tools they provide are geared solely toward greater and greater ingestion, happy to charge us for the privilege of storing useless data. It's an egregiously offensive misuse of time, money, and carbon.
Profile
Social Media
Company News
Facebook
YouTube
Last Transaction
8/20/2026
Financing History
Date
Type
Amount
Management Team
Title
Name
Email & Social
Chief Executive Officer
Peter Morelli
Company Investors
- Lyft
- Amplify Partners
- 01 Advisors
- PrimeSet
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