Coralogix just dropped a huge funding bomb: $115M in Series E to fuel its AI observability and security ambitions — bringing its valuation to over $1B. The round was led by NewView Capital, with backing from the Canada Pension Plan Investment Board and NextEquity (yep, the one with ex-Apple execs at the wheel).
The plan? Double down on India’s engineering talent and supercharge their AI observability agent, Olly.
If you’re wondering what Olly actually does — think of it like an AI-powered co-pilot for your logs, metrics, and traces. But it doesn’t stop at “what went wrong.” Olly can help you figure out which feature is frustrating your customers the most, how much those customers are worth, and who should be talking to them — all through natural language prompts.
That’s right. Observability is no longer just for DevOps nerds — it’s now accessible for product, customer success, and even marketing teams.
Olly is already rocking anomaly detection, access monitoring, and real-time alerts. Now, with this fresh capital, Coralogix is scaling its AI research center to take Olly to the next level — and India is at the heart of that strategy. They’re planning to invest $100M in the country over five years, growing teams across Gurugram, Bengaluru, and Mumbai.
Right now, Coralogix has about 100 people in India — that number’s about to double. And it’s not just about hiring: the team’s looking at M&A moves too. Indian startups, take note.
Postman, Meesho, Razorpay, BookMyShow, Jupiter, BharatPe — Coralogix is already serving some of the biggest names in India. And with plans to bring the Indian government into the mix, it’s clear they’re just getting started.
From a revenue perspective, India is already their second-largest market after the U.S. But this isn’t just about scale — it’s about culture fit too. “Israeli and Indian engineering cultures are both mission-driven, independent, and execution-focused,” says co-founder and CEO Ariel Assaraf. “It’s a perfect match.”
Beyond India, Coralogix is building its edge against Datadog by leaning into a new architecture: stream-based, remote-query analytics — lighter, faster, and built for modern AI stacks. The acquisition of Aporia in late 2024 was a key step here, giving Coralogix new tools to help AI companies monitor model quality, compliance, and security in real-time.
They’re not profitable yet, but revenue has grown 7x since 2022 — and the long-term vision is clear: a U.S. IPO on Nasdaq within three years.
From log analysis to AI observability to IPO prep — Coralogix is playing long-term games in an increasingly AI-native world.
