Funding

Peter Morelli Co-Founded bitdrift Raises $15M in Total Funding

Aug 21, 2026 | By Devin Jacobs

SUMMARY

bitdrift raised $15M in total funding.
The funding will support platform and AI development.
bitdrift provides mobile observability solutions.

bitdrift, a San Francisco, CA-based provider of a mobile observability platform, has raised $15 million in total funding.

The round saw backers Amplify Partners, 01 Advisors, Primeset, and Lyft.

The company will use the funding to support platform scaling, product development and the rollout of bitdrift AI, its new AI-powered observability system.

Funding Snapshot

Metric	Details
Total Funding	$15 million
Funding Stage	Not disclosed
Valuation	Not disclosed
Company	bitdrift
Sector	Mobile Observability / AI
Headquarters	San Francisco, California, USA

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About bitdrift

Founded in 2023 by Peter Morelli, bitdrift provides mobile observability technology designed to help development teams understand what is happening inside mobile applications in real time.

The platform has been installed more than 1 billion times across hundreds of millions of devices worldwide. Unlike traditional crash reporting and real-user monitoring tools that rely on sampled data, bitdrift captures unsampled telemetry directly on devices.

Core offerings include:

Mobile observability
Real-time telemetry
Full-fidelity session data
AI-powered issue investigation and resolution

Core Technologies / Products / Services

Capability/Product	Application/Use Case
bitdrift Platform	Real-time observability for mobile applications
bitdrift AI	Enables AI agents to query and act on mobile user behavior
On-Device Telemetry	Captures logs, traces and session context
CLI & Public API	Provides programmatic access to observability data

Leadership Comments

“Agentic AI has changed software engineering, but agents can only be as smart as the data they see,” said Peter Morelli, CEO of bitdrift. “Traditional observability solutions simply weren’t built for the unique and often less-than-ideal conditions involved with mobile, whether it’s a bad network, rainy weather, or a misplaced button within the UI.

“With bitdrift, we’ve brought infinite scale to problem resolution," said Valerii Kuznietsov, senior staff software engineer and mobile engineering lead at ThredUp. "Because we have enough data and AI to help us, we can help 90-95% of customers experiencing minor problems instead of the 20-30% that we could support before.”