Coralogix just raised $115M at a $1B+ valuation, nearly doubling in three years since its last round. The Israeli startup’s Series E is all-equity, led by NewView Capital, with backing from Canada Pension Plan Investment Board and NextEquity.
The cash will expand Coralogix’s AI agent, Olly, and grow its engineering team in India. Olly uses a semantic layer combining internal data and internet sources to simplify complex observability tasks with plain text prompts. It detects anomalies, monitors access, and sends real-time alerts.
CEO Ariel Assaraf said Olly can answer beyond “what’s wrong,” helping teams find causes of slow service or which feature frustrates customers most. 
“There’s an opportunity for us, given our architecture of analyzing stream query from remote, lower costs. We’re going to invest a lot there and build out the AI research center bigger,” Assaraf told TechCrunch.
Coralogix plans to pour $100M into India over five years, growing offices in Gurugram, Bengaluru, and Mumbai. The startup currently has 100 employees in India and intends to double that in three years. The South Asian market is second largest after the US, with 100+ clients including Postman, Meesho, Razorpay, and more.
The startup also scooped up Aporia in Dec 2024, adding observability and governance for AI models.
“Because we see just a really good fit between the Israeli engineering culture and Indian engineering culture, it’s a get-it-done, very independent, very committed to the mission type of engineering that we see a very good fit for us to expand into,” Assaraf said.
Coralogix aims for a Nasdaq IPO in 3 years, with Datadog as its main competitor. Its revenue has surged 7x since a $142M Series D in 2022, but profitability isn’t here yet.
Existing investors like Advent International and Brighton Park Capital also joined the round. Coralogix is eyeing Indian startup acquisitions to strengthen its engineering footprint.
The startup sees “new AI experience, how you monitor AI and how you use AI to monitor” as key pillars for future growth ahead of IPO plans.
