Coralogix Closes $142M Series D Funding

The round, which brought total amount raised to date to $238m, was led by Advent International and Brighton Park Capital with participation from Revaia Ventures, Greenfield Partners, Red Dot Capital Partners, Eyal Ofer’s O.G. Tech, StageOne Ventures, Joule Capital Partners, and Maor Investments. In connection with the funding round, Alek Ferro of Advent and Mike Gregoire of Brighton Park joined the Coralogix board of directors.

The company intends to use the funds to grow its go-to-market, product, and R&D teams within the Americas, EMEA, UK, and APAC.Led by CEO Ariel Assaraf, Coralogix provides an an in-stream observability platform, using proprietary technology to provide modern engineering teams with real-time insights and trend analysis for their data with no reliance on storage or indexing. In addition, the company is announcing a new distributed query engine enabling fast queries on dynamically mapped data from the customer’s remote storage. This enables customers to analyze data in-stream and then query it from their own archive.In the past year, Coralogix has signed some enterprise customers in the US, Israel, India, and EMEA and expanded into the security market with the launch of Snowbit, a cybersecurity venture focused on helping cloud-native companies comprehensively manage the security of their environments.Today, over 10,000 DevOps and Security engineers around the world use Coralogix daily to monitor their stacks and fix production problems.01/06/2022