Israeli tech company Coralogix has raised $115 million in a Series E funding round, bringing its total funding to $350 million so far. Coralogix builds a platform that helps businesses monitor, secure, and manage their software and AI systems.
With this new funding, the company’s value has now gone over $1 billion, a big increase from its last valuation of $650 million.
As part of the news, Coralogix introduced a new AI assistant called “Olly.” Olly helps quickly find and fix problems in systems. It guides users by asking questions, sharing useful insights, and suggesting what to do next. Even people who aren’t technical can easily use Olly to understand what’s going on in their systems.
The full $115 million investment will be used to support Coralogix’s day-to-day operations and growth. CEO Ariel Assaraf also mentioned that the funding round was finalized before the war with Iran began.
“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 funding round was led by NewView Capital, a venture growth firm based in California. It also included investments from the Canada Pension Plan Investment Board (CPPIB) and NextEquity, a firm started by former Apple executives Avie Tevanian and Fred Anderson.
All of Coralogix’s existing investors also joined the round. These include Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Venture Partners, StageOne Ventures, Joule Capital Partners, and Maor Investments.
Coralogix was founded in 2015 by Ariel Assaraf and Yoni Farin. The company now has about 550 employees around the world, with around 250 of them based at its development center in Tel Aviv. Coralogix also has 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 big companies like Datadog and Splunk. In 2024, it bought Aporia, an Israeli AI startup. Now, Coralogix plans to use a big part of its new funding to grow the Aporia team and develop its AI tools even further.
“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.”
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