Coralogix Inc. today announced that it has raised $200 million in late-stage funding to enhance its observability platform.
Advent, CPPIB and Greenfield led the Series F round with participation from Brighton Park Capital. TechCrunch reported that the investment values Coralogix at $1.6 billion. The cash infusion follows a year in which the company’s revenue grew by more than 60%.
Coralogix provides a cloud-based observability platform that ingests more than eight petabytes of data per day for more than 5,000 customers. The software collects telemetry from applications, cloud instances and a range of other technology assets. It turns the data into visualization that engineers can use to troubleshoot technical issues in their companies’ infrastructure.
Large datasets usually have to go through a process called indexing before processing can begin. The workflow produces an index, a collection of shortcuts that significantly speed up queries. However, the speedup only materializes once the index is assembled, which can take a significant amount of time. That means companies have to wait before they can start analyzing their telemetry.
Coralogix’s platform uses a technology called Streama to remove the need for indexing. Customers can start analyzing telemetry almost immediately after it’s collected, which makes it possible to diagnose technical issues faster. Coralogix also skips several of the other steps usually involved in the data analysis workflow.
Customers can query their telemetry using industry-standard syntaxes such SQL or the company’s custom DataPrime language. According to Coralogix, the latter technology is faster because it’s optimized for its observability platform’s architecture. Additionally, DataPrime spares users the hassle of creating a schema, a file that defines the format of the data being processed.
Retaining observability logs for an extended period of time can be costly. As a result, companies periodically delete their telemetry, which limits their visibility into historical technical incidents and long-term system behavior trends. Coralogix addresses the challenge by enabling users to keep telemetry in low-cost Amazon S3 buckets.
Last year, the company rolled out an artificial intelligence assistant called Olly to its platform. The tool enables administrators to analyze technical issues using natural language prompts. Companies can also connect custom AI agents to the platform via an MCP server that Coralogix launched around the same time as Olly.
“Engineers are no longer the only consumers of observability data,” said co-founder and Chief Executive Officer Ariel Assaraf. “AI systems are becoming operational participants themselves. This funding allows us to accelerate that transition and build the intelligence layer required for the next generation of production operations.”
Coralogix reportedly also plans to build new cybersecurity features and grow its international presence.
Image: Coralogix
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