Coralogix, an Israeli startup offering a full-stack observability and security platform, has raised $115 million at a pre-money valuation of over $1 billion, almost doubling in three years from its last round in 2022.
With the influx of cash, the startup is looking to expand its engineering base in India and develop its AI agent.
The all-equity and all-primary Series E round is led by California-based venture growth firm NewView Capital, with participation from the Canada Pension Plan Investment Board and NextEquity, the venture firm founded by former Apple executives Avie Tevanian and Fred Anderson.
Data observability has become increasingly important nowadays as more companies store and leverage data to capitalize on the benefits of AI. However, not everyone in a company has the time or resources to thoroughly investigate an issue or make an important decision based on their data stream. Coralogix aims to solve this challenge with its AI observability agent, Olly.
The agent utilizes a semantic layer that incorporates internal data, including metadata, along with external sources, such as information available on the internet, to assist companies in understanding complex issues, such as identifying the causes of slow service or resolving the most common system errors, by using simple text prompts.
Trained to answer broader questions than just what is going wrong, the AI agent can help customers if they want to know which feature is causing customers the most frustration, how much these customers are paying, or who their account representative is that can work with them, Coralogix co-founder and CEO Ariel Assaraf said in an interview.
Olly includes features such as anomaly detection, access monitoring, and real-time alerts to automate data observability for customers. It was developed by Coralogix’s AI research center, which it now aims to expand through its new capital.
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Alongside its AI agent, Coralogix provides observability and guardrails to AI companies, offering them insights into the performance of their models, as well as the quality, security, and governance of their responses. All this came through Aporia’s acquisition in December 2024.
“There’s an opportunity for us, given our architecture of analyzing stream query from remote, lower costs. We’re going to invest a lot there and build out the AI research center bigger,” Assaraf said.
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