Israeli observability and data security startup Coralogix has achieved unicorn status after securing $115 million in a Series E funding round led by NewView Capital. The round, which valued the company at over $1 billion pre-money, also saw participation from the Canada Pension Plan Investment Board and NextEquity. This latest funding brings the company’s total capital raised to a significant milestone, positioning it for aggressive global expansion.
With a strong focus on the Indian market, Coralogix plans to invest heavily in India expansion, allocating substantial resources to grow its presence. The company aims to expand its offices, create tech jobs, and strengthen its foothold in one of the world’s fastest-growing tech hubs. This move builds on its already robust portfolio of Indian clients across various sectors.
Coralogix offers a full-stack observability and security platform, helping businesses monitor and secure their data in real-time. The platform’s innovative approach has made it a trusted partner for companies looking to navigate the complexities of modern data environments, particularly in high-growth regions like India.
The company’s leadership has expressed optimism about the potential of the Indian market, citing the country’s rapid digital transformation and increasing demand for advanced data security solutions. This investment will enable Coralogix to tailor its offerings to meet the unique needs of Indian enterprises while fostering local talent and innovation.
In addition to India, the funding will support Coralogix’s broader global strategy, including enhancements to its product suite and further expansion in the APAC region. The company is poised to capitalize on the growing demand for observability tools as businesses worldwide prioritize data-driven decision-making.
This funding round marks a pivotal moment for Coralogix as it cements its position as a leader in the observability and data security space. With a clear vision for growth and a commitment to innovation, the company is set to make a significant impact in India and beyond.
Andrew Lee
