Israeli observability startup Coralogix has officially joined the elite club of unicorns, securing a staggering $115 million in a Series E funding round led by NewView Capital. This investment has propelled the company's pre-money valuation to over $1 billion, marking a significant milestone in its journey as a leader in full-stack observability and security solutions.
Founded to provide cutting-edge data analytics and monitoring tools, Coralogix has seen rapid growth, nearly doubling its valuation in this latest round. The platform empowers businesses with actionable insights through its innovative AI-driven technology, including the newly launched AI assistant, 'Olly', designed to bridge engineering and business decision-making.
A major focus of this funding is the company's ambitious expansion into India, where it plans to invest heavily over the next five years. Coralogix aims to enhance its presence by scaling its head office in Gurgaon and establishing a new office in Bengaluru, alongside boosting teams in sales, customer service, and custom engineering.
This strategic move underscores India's growing importance as a hub for tech innovation and talent. With a robust portfolio of Indian clients already in place, Coralogix is poised to create numerous tech jobs and strengthen its market foothold in the region, catering to the increasing demand for data security and observability solutions.
The funding success and expansion plans highlight Coralogix's commitment to transforming how enterprises manage data and security. By leveraging AI and observability, the company is set to redefine industry standards and deliver unparalleled value to its global clientele.
As Coralogix embarks on this new chapter, the tech world watches closely, anticipating how its innovations and strategic expansions will shape the future of enterprise technology. This unicorn's journey is just beginning, with India playing a pivotal role in its growth story.
Andrew Lee
