In its Series E round, which was led by NewView Capital and involved NextEquity and the Canada Pension Plan Investment Board, the Israeli cybersecurity startup Coralogix raised $115 million. The funding estimates Coralogix’s worth at more than $1 billion.
This funding round was supported by Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Tech, Joule Capital Partners, and Maor Investments, all of whom are currently investors.
The funds will be utilized to hire more staff in Bengaluru and Mumbai as well as to enlarge its office in Gurugram. Data science, AI, customer engineering, and enterprise sales positions will be filled by it. In India, the expansion intends to support industries like BFSI, IT, telecom, logistics, and edtech.
A full-stack platform for application security, performance, and real-user monitoring is provided by Coralogix. It charges based on the volume of data and offers robust support to help companies react fast and fix problems.
Already, Coralogix has partnerships with Postman, Meesho, BookMyShow, Razorpay, CoinDCX, BharatPe, and Delhivery in India. It intends to introduce Olly, its new AI observability tool, to assist companies in promptly identifying and resolving problems and fulfilling regulatory obligations.
This expansion comes after Coralogix launched its Coralogix AI Center, which focuses on the performance, security, and governance of enterprise data, and acquired Aporia in December 2024.
