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bitdrift

Other B2B Software · San Francisco, United States · Founded 2023

Bitdrift Capture provides real-time views into mobile experiences, without breaking the bank MoreLess

bitdrift is a company focused on the mobile observability market, offering a platform designed to give developers enhanced visibility into application performance on mobile devices. The business targets a common frustration among developers: the high cost and inefficiency of existing observability solutions, which often leads to limited data logging and poor insight into application issues.

The company was founded by Peter Morelli (CEO), Matt Klein, and Martin Conte Mac Donell. Their collective experience at technology companies like Lyft, Twitter, AWS, and Google informed their perspective that the observability market was misaligned with customer needs. Matt Klein is notably the creator of the open-source project Envoy Proxy. The technology behind bitdrift was initially developed and battle-tested within Lyft, where it supported over 50 million devices and reportedly saved the company tens of millions of dollars annually. Recognizing its potential, the team officially spun out of Lyft to form bitdrift as an independent entity in 2023. The spin-out was a complex process, but it resulted in Lyft becoming bitdrift's first major customer.

bitdrift's core service, Capture, fundamentally changes the approach to data logging. Instead of selectively logging to control costs, its model is to "log everything, intelligently choose what to store, and instantly deploy changes to your entire fleet." The platform's SDK, which has been run in production on millions of devices via the Lyft app, allows for the capture of rich, on-device logs. This enables developers to surface important sessions for rapid debugging without waiting for a new application release cycle. This approach gives developers real-time control over telemetry data, aiming to reduce the time it takes to identify and resolve bugs from days or weeks to mere hours.

The company operates on a model that includes a free tier to encourage adoption. In December 2023, bitdrift announced a $15 million Series A funding round led by Amplify Partners, equipping it to expand its go-to-market strategy and product development. While its initial focus is on mobile, bitdrift plans to extend its capabilities across the entire distributed system, including servers and the mobile edge. Keywords: mobile observability, application performance monitoring, APM, developer tools, log management, telemetry, mobile debugging, real-time control, engineering efficiency, session replay, Lyft spin-out, Envoy, Peter Morelli, Matt Klein, Martin Conte Mac Donell, client-side monitoring, software development kit, SDK, production debugging, Amplify Partners

Company overview

bitdrift company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2023
Headquarters
San Francisco, United States
Employees
31
Open positions
None listed
Dealroom signal
80.5
industryEnterprise Software

Valuation & funding

bitdrift funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEEDEquity / VC Aug 2026 $15M $60M Lyft · 01 Advisors · Amplify Partners · PrimeSet
Showing 1 recorded eventsUnlock the complete deal history →

Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 31
2025 19
2024 10
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

bitdrift website traffic

Latest recorded traffic for bitdrift is 9K monthly website visits, up 18.4% over the last three months. bitdrift's team grew 63.2% over the past year.

Latest monthly visits9K 3-month web change+18.4% 1-year team growth+63.2%
Monthly website visits27 observations · May 2024–Jul 2026
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Talent graph

bitdrift's talent

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Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

5 investors on bitdrift's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 4 investors entered at this stage
Lyft
01 Advisors
Amplify Partners
PrimeSet
Other known 1 additional known investor
Mango Capital

Global footprint

Where bitdrift has talent and traffic

Workforce by country
4 countries with
team presence
🇺🇸 United States85.2%
🇦🇷 Argentina7.4%
🇪🇸 Spain3.7%
🇩🇪 Germany3.7%
4 countries shown

In the news

Latest news about bitdrift

Recent press, funding announcements, and product moves mentioning bitdrift — open to read from the original sources.

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Market sentiment

What the market is saying about bitdrift

An AI-synthesized read of the highest-engagement posts about bitdrift on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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