Israeli company Coralogix, specializing in software and AI system monitoring, has raised $115 million in a Series E round, boosting its valuation to over $1 billion. Since its founding in 2015, Coralogix has raised a total of $350 million.
What Coralogix Does
Their platform goes beyond simple error tracking by analyzing logs as strategic business data. Their new AI agent, Olly, quickly detects issues, suggests solutions, and makes insights accessible not only to developers but also to business teams.
Global Presence with Israeli R&D Core
Coralogix employs around 550 people worldwide, including 250 in its Tel Aviv R&D center. Offices are located in Boston, San Francisco, London, Dublin, Berlin, Bucharest, Delhi, and Bangalore. Despite regional instability, Israel remains the heart of their development.
Investors and AI Focus
The round was led by NewView Capital, with participation from CPPIB and NextEquity. Existing investors like Advent, Revaia, Red Dot, and StageOne also joined. In 2024, Coralogix acquired Israeli AI startup Aporia, and part of the new funding will expand that team.
CEO Ariel Assaraf says the company didn’t urgently need funding but seized the chance to accelerate its AI efforts. Coralogix aims not just to compete with Datadog and Splunk, but to redefine observability in both IT and business.
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