Coralogix raises $115 million Series E at over $1 billion valuation
The round, which takes the Israeli startup's total funding to $350 million to date, was completed before the start of the war with Iran.
Israeli company Coralogix, which develops a platform for monitoring, securing, and managing software and AI systems, has raised $115 million in a Series E funding round, bringing its total funding to $350 million to date. The company’s valuation has now surpassed $1 billion, a significant jump from its previous valuation of $650 million in the last round.
As part of the announcement, Coralogix unveiled a new AI agent called “olly,” designed to rapidly identify and resolve system faults. Olly actively guides users through questions, surfacing insights, and recommending next steps, allowing both technical and non-technical users to access observability insights.
The entire $115 million investment will go directly into the company’s operations. According to CEO Ariel Assaraf, the round was completed before the start of the war with Iran.
“Coralogix is a global company with offices in Boston and other countries including India, the U.S., the U.K., Germany, and Israel. Our main R&D center is in Israel, and our infrastructure is spread across service and data providers around the world,” said Assaraf. “This funding round was completed before the current security crisis. The development center in Israel remains the heart of our operations, and we are committed to continuing our investment in the local tech ecosystem and the broader Israeli economy.”
The Series E round was led by NewView Capital, a California-based venture growth firm, with participation of the Canada Pension Plan Investment Board (CPPIB) and NextEquity, the venture firm founded by former Apple executives Avie Tevanian and Fred Anderson. All existing investors, including Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Venture Partners, StageOne Ventures, Joule Capital Partners, and Maor Investments.
Founded in 2015 by Ariel Assaraf and CTO Yoni Farin, Coralogix employs approximately 550 people globally, including around 250 at its Tel Aviv development center. The company operates offices in Boston, San Francisco, London, Dublin, Delhi, Bangalore, Berlin, and Bucharest.
Assaraf says Coralogix’s value proposition goes far beyond simple system monitoring:
“We treat system logs as a comprehensive record of organizational activity. Our platform enables users to ask not just ‘what broke,’ but also strategic questions like ‘which application causes the most user dissatisfaction?’ Olly processes that data and delivers actionable insights not just for developers, but for the entire business.”
Coralogix competes with heavyweights like Datadog and Splunk. In 2024, Coralogix also acquired Israeli AI startup Aporia, and plans to use a significant portion of the new funding to expand that team and support its solutions.
“We didn’t have to raise more funding, but we saw an opportunity to significantly accelerate our AI activities,” said Assaraf. “We’re in a strong position, even compared to much larger companies.”
