Coralogix, a San Francisco and I-based in-stream observability technology, has closed a Series D round for $142 million, bringing its total funding to $238 million.
The funds will be used to expand the company’s go-to-market, product, and R&D teams throughout the Americas, EMEA, the United Kingdom, and APAC. With its one-of-a-kind 24/7 in-app assistance and response times under one minute, the company is devoted to providing limitless data possibilities as it grows.
“Coralogix is a well-established leader in the modern observability sector, and its product, mission, and ambition set it apart,” Alek Ferro, Director at Advent, stated. “We are convinced that Coralogix’s innovative data streaming architecture and analytics pipeline will continue to redefine the market by delivering improved monitoring coverage, insights, and results while saving money.” We’re excited to work with Coralogix’s management team as they continue to expand on their success.”
“Coralogix’s product is tremendously powerful, and we see multiple potential to extend its capabilities while maintaining the highly responsive assistance that clients are accustomed to,” said Mike Gregoire, Partner at Brighton Park and former CEO of CA Technologies. We’re excited to work with Coralogix’s outstanding team as they grow into the market’s premier observability platform.”
“At Coralogix, we take a holistic approach to addressing the basic difficulties of ever-increasing data quantities and system complexity. Our solution breaks the unit economics of observability, allowing our customers to centralise and scale across their R&D organisations at a low cost. “We will be expanding our product into new markets with this round of funding as we continue our quest to enable harmonic observability,” stated Ariel Assaraf, CEO of Coralogix.
Coralogix, founded in 2014 by Ariel Assaraf, Guy Kroupp, Lior Redlus, and Yoni Farin, employs streaming analytics to reconstruct the road to observability. The best-in-class log analytics platform is said to be From. In addition to logs, it’s a full-stack observability platform with powerful metrics, tracing, and security data features.
Snowbit, a cybersecurity initiative focused on enabling cloud-native enterprises effectively manage the security of their environments, was launched as part of the company’s expansion into the security sector.
Streama, the company’s flagship technology, provides real-time insights and alerts for any observability data without the need for storage or indexing. In addition, the company is launching a new distributed query engine that allows customers to run quick queries on dynamically mapped data from remote storage.
Customers can now evaluate data in real time and then query it from their archive. The platform alters the unit economics of observability, lowering costs by 40-70 percent while simultaneously enhancing performance and data insights for clients.
Image Credit: Coralogix