Observability startup Coralogix raises $115 million, becomes unicorn, plans India expansion

From Yahoo Finance: 2025-06-17 08:00:00

Israeli startup Coralogix raised $115 million at a valuation of over $1 billion, doubling in three years. The Series E round was led by NewView Capital, aiming to expand its engineering base in India and develop its AI agent, Olly, to offer data observability solutions with features like anomaly detection and real-time alerts.

Coralogix’s Olly AI agent helps companies understand complex issues by incorporating internal and external data sources. The startup aims to automate data observability for customers, offering insights into AI model performance, quality, security, and governance. Acquisition of Aporia in 2024 bolstered its offerings, enabling the expansion of its AI research center.

With plans to invest $100 million in India over five years, Coralogix seeks to leverage the country’s engineering base and double its Indian employee base in three years. The South Asian market is the startup’s second-largest in revenue, catering to over 100 customers including Postman, Jupiter Money, and Razorpay, while eyeing acquisitions of Indian startups.

Since raising $142 million in 2022, Coralogix has seen significant revenue growth, eyeing a U.S. IPO on Nasdaq in three years. The startup, competing with Datadog, aims to innovate in data observability and customer engagement, focusing on new architectures and AI monitoring experiences. Existing investors also participated in the latest funding round.

Read more: Observability startup Coralogix becomes a unicorn, eyes India expansion