Israeli data analytics and observability platform Coralogix has raised an impressive $115 million in a Series E funding round, pushing its valuation past the $1 billion mark and earning it unicorn status. The funding round, led by NewView Capital, marks a significant milestone for the company, which specializes in real-time data monitoring and security solutions.
Founded in 2014, Coralogix has grown into a global leader in AI-powered observability, helping businesses manage and analyze data efficiently. The latest capital injection brings the company's total funding to $350 million, reflecting strong investor confidence in its innovative approach to data analytics.
A substantial portion of the funds will be directed toward expansion in India, where Coralogix plans to bolster its presence by growing offices in cities like Gurgaon, Bangalore, and Mumbai. The company aims to create hundreds of high-skill tech jobs in areas such as AI, data science, and cloud security, while also enhancing its R&D capabilities.
Coralogix already serves a robust client portfolio in India across sectors like BFSI, IT, logistics, and edtech. With this investment, the firm intends to deepen its market penetration in these fast-growing industries, catering to the increasing demand for advanced data security and observability solutions.
In addition to geographical expansion, the funding will fuel advancements in Coralogix’s AI capabilities, ensuring it remains at the forefront of technological innovation. The company is also set to strengthen its engineering and customer-facing teams to support its growing global clientele.
This Series E round, completed amidst challenging geopolitical circumstances, underscores Coralogix’s resilience and potential to redefine data analytics on a global scale. As the company continues to scale, it aims to empower businesses worldwide with cutting-edge tools for real-time data insights.
Alfred Lee
