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Coralogix Closes $142 M Series D Funding To Expand Its Presence In India

The funds will also be used to accelerate the build-out and go-to-market of Snowbit, its recently announced cybersecurity venture being constructed out of India and Israel

Coralogix, a company using streaming analytics to rebuild the path to observability, today announced it has raised a $142 million Series D funding round, bringing the company’s total amount raised to $238 million. A significant portion of the proceeds from the round will be used for the company’s expansion plans, especially its India and APAC go-to-market teams. Additionally the funds will also be used to accelerate the build-out and go-to-market of Snowbit, its recently announced cybersecurity venture being constructed out of India and Israel.

New investors Advent International (“Advent”) and Brighton Park Capital co-led the round with participation from Revaia and existing investors Greenfield Partners, Red Dot Capital Partners, Eyal Ofer’s O.G. Tech, StageOne Ventures, Joule Capital Partners, and Maor Investments. In connection with the funding round, Alek Ferro of Advent and Mike Gregoire, Partner at Brighton Park Capital and former CEO at CA Technologies, have joined the Coralogix board of directors.

This announcement reflects the evolution of Coralogix from a log analytics platform to a full-stack observability platform—with robust capabilities for metrics, tracing, and security data, in addition to logs. The company’s flagship Streama© technology produces real-time insights and trend analysis for all observability data with no reliance on storage, solving the challenges of building, running, and securing modern infrastructures and applications. Powerful remote query capabilities enable clients to search Terabytes of their own data in seconds all without the costs and latency of indexing.

“Coralogix is an established leader in the modern observability market and is differentiated by its product, mission, and vision,” said Alek Ferro, Director at Advent. “We are confident that Coralogix’s unique data streaming architecture and analytics pipeline will continue to transform the category through its ability to provide superior monitoring coverage, insights, and results while yielding significant cost savings. We’re thrilled to partner with the Coralogix management team as they continue to build on this momentum.”

“Our approach at Coralogix is to solve the fundamental challenges of ever-growing data volumes and system complexity. Our technology breaks the unit economics of observability to provide our customers with a cost-effective way to centralize and scale across the R&D organization. With this round of funding, we will be expanding our offering into further markets as we continue our journey to provide harmonious observability,” said Ariel Assaraf, CEO of Coralogix.


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