Latest news with #ArielAssaraf
Entrepreneur
15 hours ago
- Business
- Entrepreneur
Coralogix Raises USD 115 Mn In Series E from NewView Capital and Others
The company plans to use this investment to expand its Gurgaon AI R&D hub, grow engineering and customer-facing teams in Bengaluru and Mumbai, and create hundreds of high-skill tech jobs in roles such as AI, data science, and cloud security. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Israel-based cybersecurity and observability company Coralogix has raised USD 115 million in a Series E funding round led by NewView Capital, with participation from Canada Pension Plan Investment Board and NextEquity. Existing backers including Advent International, Brighton Park Capital, and Red Dot Capital Partners also joined, bringing Coralogix's valuation to over USD 1 billion. A major portion of the newly secured funds will be deployed in India, one of Coralogix's top three global markets. The company plans to use this investment to expand its Gurgaon AI R&D hub, grow engineering and customer-facing teams in Bengaluru and Mumbai, and create hundreds of high-skill tech jobs in roles such as AI, data science, and cloud security. "India plays a strategic role in Coralogix's global roadmap," said Ariel Assaraf, CEO and Co-founder of Coralogix. "With this round, we aim to expand our Indian presence significantly, including building cutting-edge AI capabilities, deepening partnerships, and creating additional high-value tech jobs." Founded in 2015 by Ariel Assaraf and others, Coralogix offers a full-stack observability and security platform. Its services include log analytics, APM, SIEM, real user monitoring, and infrastructure monitoring, enabling real-time visibility into performance, security, and governance without indexing delays. The platform is known for its data-volume-based pricing and strong enterprise support. Coralogix already works with major Indian firms such as Postman, Razorpay, BookMyShow, Delhivery, and Meesho, helping them enhance incident response, ensure compliance, and harness AI observability. The company is also strengthening partnerships with cloud providers in India and enhancing its local AWS infrastructure in Mumbai for better data compliance and performance, particularly in regulated sectors like finance and healthcare. This announcement follows Coralogix's December 2024 acquisition of Aporia, a leader in AI guardrails and observability, and the launch of the Coralogix AI Center, which provides performance, security, and governance insights for enterprise AI systems. "This round validates our momentum and helps us push the boundaries of AI-driven observability," said CTO Yoni Farin. Navdeep, Co-founder of Snowbit and President, APAC at Coralogix, added, "We are excited to harness India's engineering excellence to help shape the future of AI-powered observability and security."
CTV News
a day ago
- Business
- CTV News
Data analytics startup Coralogix doubles valuation to over US$1 billion in latest funding round
In this stock photo, a person is seen typing on a computer keyboard. (Pexels) Data analytics platform Coralogix nearly doubled its valuation to over US$1 billion in its latest funding round, co-founder and CEO Ariel Assaraf told Reuters in an interview, as artificial intelligence-driven enterprise offerings continue to pique investor delight. Coralogix raised US$115 million in a round led by California-based venture growth firm NewView Capital, the startup said on Tuesday. Canada Pension Plan Investment Board (CPPIB) and venture firm NextEquity also participated in the round. The fundraise comes three years after Coralogix's previous external funding in 2022, where it raised US$142 million. Valuations have faced downward pressure since then, as investors continue to sit on dry powder amid elevated interest rates and geopolitical tensions. Enterprise software-as-a-service startups, however, have endured a wider slowdown in venture capital funding, with an AI gold-rush pushing SaaS financing to record US$58 billion in the first quarter, according to PitchBook. Coralogix's revenue increased seven times since 2022, Assaraf told Reuters. The company, however, is yet to be profitable, with nearly 75 per cent of its revenue in 2024 going towards research and development, according to Assaraf. 'Successful companies in our space always invest a large portion of their revenue in R&D and were very late to become profitable,' Assaraf added, noting a similar pathway across peers Datadog and Splunk. Startups are integrating AI-driven agents across IT development and operations as enterprises increasingly ask for all-in-one platforms to oversee their entire cloud infrastructure and processes. Coralogix expanded into AI observability with the acquisition of Aporia in December 2024. The company is aggressively looking to expand its AI talent pool, Assaraf said. 'If there's a strategic acquisition of a company with a specific, very talented pool of people around AI, we will make those acquisitions, even if they're not small,' he told Reuters. On Tuesday, Coralogix also unveiled its new AI agent 'olly,' aiming to simplify data monitoring via a conversational platform. Industry leaders have hailed AI-based agents as a transformative use case of the technology. --- Reporting by Arasu Kannagi Basil and Ateev Bhandari in Bengaluru; Editing by Alan Barona.
Reuters
a day ago
- Business
- Reuters
Data analytics startup Coralogix doubles valuation to over $1 billion in latest funding round
June 17 (Reuters) - Data analytics platform Coralogix nearly doubled its valuation to over $1 billion in its latest funding round, co-founder and CEO Ariel Assaraf told Reuters in an interview, as artificial intelligence-driven enterprise offerings continue to pique investor delight. Coralogix raised $115 million in a round led by California-based venture growth firm NewView Capital, the startup said on Tuesday. Canada Pension Plan Investment Board (CPPIB) and venture firm NextEquity also participated in the round. The fundraise comes three years after Coralogix's previous external funding in 2022, where it raised $142 million. Valuations have faced downward pressure since then, as investors continue to sit on dry powder amid elevated interest rates and geopolitical tensions. Enterprise software-as-a-service startups, however, have endured a wider slowdown in venture capital funding, with an AI gold-rush pushing SaaS financing to record $58 billion in the first quarter, according to PitchBook. Coralogix's revenue increased seven times since 2022, Assaraf told Reuters. The company, however, is yet to be profitable, with nearly 75% of its revenue in 2024 going towards research and development, according to Assaraf. "Successful companies in our space always invest a large portion of their revenue in R&D and were very late to become profitable," Assaraf added, noting a similar pathway across peers Datadog (DDOG.O), opens new tab and Splunk. Startups are integrating AI-driven agents across IT development and operations as enterprises increasingly ask for all-in-one platforms to oversee their entire cloud infrastructure and processes. Coralogix expanded into AI observability with the acquisition of Aporia in December 2024. The company is aggressively looking to expand its AI talent pool, Assaraf said. "If there's a strategic acquisition of a company with a specific, very talented pool of people around AI, we will make those acquisitions, even if they're not small," he told Reuters. On Tuesday, Coralogix also unveiled its new AI agent "olly," aiming to simplify data monitoring via a conversational platform. Industry leaders have hailed AI-based agents as a transformative use case of the technology.
