Coralogix Raises $115 Million in Series E Funding

Coralogix, an Israel-based cybersecurity firm, has successfully secured $115 million in its Series E funding round. Led by NewView Capital, this round also included contributions from the Canada Pension Plan Investment Board and NextEquity. This funding has boosted Coralogix’s valuation to over $1 billion.

Support from Existing Investors

All previous investors have continued their support in this funding round, including Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Tech, Joule Capital Partners, and Maor Investments.

Expansion Plans in India

The newly acquired funds will be directed towards expanding its office in Gurugram and hiring additional staff in Bengaluru and Mumbai. This recruitment will focus on roles in data science, AI, customer engineering, and enterprise sales. The aim of the expansion is to cater to sectors such as BFSI, IT, telecom, logistics, and edtech across India.

Coralogix’s Offerings

Coralogix provides a comprehensive platform for application performance, security, and real-user monitoring. Their pricing model is based on data volume, and they offer robust support to assist businesses in reacting swiftly to issues and solutions.

Current Collaborations

Coralogix is already collaborating with notable companies in India, including Postman, Meesho, BookMyShow, Razorpay, CoinDCX, BharatPe, and Delhivery. Moreover, the company is set to introduce Olly, its latest AI observability tool, aimed at helping businesses quickly identify and resolve issues while ensuring compliance requirements are met.

Recent Developments

This expansion comes on the heels of Coralogix’s acquisition of Aporia in December 2024 and the establishment of its Coralogix AI Center, which is dedicated to the performance, security, and governance of enterprise data.