KoralogixIsraeli start offering full-stack observability and security platform, raised $ 115 million Last round in 2022.
With the influx of money, starting seeks to expand its engineering base in India and develop its AI agent.
The all-equality and all-primary series E-Circle is led by California based corporate growth firm Newview Capital, with the participation of the Canadian Pension Plan Investment Board and Nextequity, the corporate firm founded by former Apple executives Avie Tevanian and Fred Anderson.
Data observability has become increasingly important nowadays, as more companies store and use data to capitalize on AI’s benefits. However, not everyone in company has the time or resources to thoroughly explore an issue or make a major decision based on their data flow. Coralogix aims to resolve this challenge with its AI -Observable agent, Olly.
The agent uses a semantic layer that incorporates internal data, including metadata, along with external sources, as information available on the Internet, to help companies understand complex issues, such as identifying the causes of slow service or solving the most common system errors, by using simple text promises.
Trained to answer broader questions than just what goes wrong, the AI agent can help customers if they want to know which function causes customers to frustrate the most frustration, how much these customers pay, or to which their account representative can work with them, said Coralogix co-founder and general manager Ariel Assaraf in an interview.
Olly includes functions such as anomaly detection, access monitoring and real -time alerts to automate data observables for customers. It was developed by the AI Research Center of Coralogix, which it now aims to expand through its new capital.
In addition to its AI agent, Coralogix provides observability and guards to AI companies, offering them insights into the performance of their models, as well as the quality, security and control of their responses. All this came Acquisition of Aporia in December 2024.
“There is an opportunity for us, considering our architecture of analyzing a stream survey of remote, lower costs. We will invest a lot there and build the AI -a larger one,” Assaraf said.
The starting plans to exploit India’s engineering base for its AI ambitions, aiming to invest about $ 100 million in the country over the next five years. The investment is scheduled to expand its office in Gurugram and hire more personnel in Bengaluru and Mumbai to build engineering, R&D, and customer successful equipment.
From its overall main amount of nearly 550 employees, Coralogix has about 250 people in Israel and 100 in India. It plans to double the Indian employee base for the next three years.
“Because we see only very good fitness between Israeli engineering culture and Indian engineering culture, it is very much, very independent, very compromised with the missionary type of engineering, which we see very suitable for ourselves expanding,” Assaraf told Techcrunch.
The South Asian market is also the second largest market in the runway in terms of revenue and user base, with more than 100 customers, after the United States, the executive said.
Indian companies such as Postman, Jupiter Money, Meesho, Bookmyshow, Bharatpe, Coindcx and Razorpay are among Coralogix’s clients. It also serves banks and businesses and seeks to tap the Indian government as its next big client. Furthermore, the starting looks at the acquisition of Indian companies to expand their footprint in the country.
“We talked to many Indian companies about the possible M&A, but nothing was really accomplished. It could be a very good and easy way for us to get a strong core team as we think about expanding our engineering,” Assaraf told Techcrunch.
In June 2022, Coralogix raised $ 142 million in a D-Round series co-led by Advent International and Brighton Park Capital. Since then, Assaraf said the startup has seen 7x growth in its revenue, although it is not yet profitable.
The start, which looks at DateG as its key competitor, aims to file for a US IPO in NASDAQ in three years.
“Our goal is for us to build this new way of architecture, analyzing Remote’s fluent survey, this new way of customer engagement, these new geographies we invest now, also this new ai -expert, as you control ai and how you use AI to monitor,” Assaraf said. Once it can show progress on these fronts, it will explore an IPO, he added.
The newest round also saw participation from Coralogix’s existing investors, including Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, OG Tech, Joule Capital Partners, and Maor Investments.
