Key takeaways
- Coralogix raises $115 million, achieving a valuation over $1 billion.
- Invest funding primarily in expanding AI capabilities and tech jobs in India.
- Target major Indian cities: Gurgaon, Bangalore, and Mumbai for workforce growth.
- Collaborate with major companies and sectors like banking and telecom.
- Enhance data infrastructure to meet local data and privacy requirements.
Israeli tech company Coralogix on Tuesday raised $115 million in a new funding round, bringing its valuation to over $1 billion. The company is a modern, full-stack observability platform transforming how businesses process and understand their data.
A major part of this funding will go towards expanding the company’s AI capabilities and tech workforce in India, particularly in Gurgaon, Bangalore, and Mumbai.
The funding round was led by NewView Capital, with backing from Canada Pension Plan Investment Board (CPPIB) and NextEquity, a firm started by former Apple executives. Existing investors like Advent International, Brighton Park Capital, and others also participated.
“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,” Ariel Assaraf, CEO and co-founder of Coralogix, said.
Coralogix provides tools that help companies monitor their digital systems and spot problems in real-time. In India, it already works with major players like Meesho, Postman, Razorpay, BookMyShow, BharatPe, and Delhivery.
The company also plans to use this funding to grow in sectors like banking, telecom, logistics, and education technology—areas that are rapidly adopting digital solutions. Additionally, it is looking to partner with major cloud service providers and invest in its data infrastructure in Mumbai to help Indian companies meet data and privacy requirements.
“This investment in India will not only create world-class capabilities but also contribute to the local tech ecosystem,” said Navdeep Manaktala co-founder of Snowbit and president, APAC, Coralogix.
The Gurgaon office will become a major hub for AI research and product development. Over the next five years, Coralogix aims to create hundreds of high-skilled jobs in roles like AI, cloud security, data science, and enterprise sales.
The announcement follows Coralogix’s acquisition of Aporia in December 2024 and the launch of the Coralogix AI Center, which focuses on helping companies not just with system performance, but also with data quality, security, and governance.
“This funding round validates our momentum and helps us push the boundaries of AI-driven observability, enabling smarter decisions and faster innovation across the business,” Yoni Farin, CTO of Coralogix said.
With India’s observability market expected to triple in size by 2030, Coralogix believes its new AI agent Olly, designed to detect system issues and improve security in real time, will be a key part of its growth in the country.
