Industry News | 6/19/2025
Coralogix Secures $115 Million in Funding, Plans Major AI Expansion in India
Coralogix, an Israeli data analytics firm, has raised $115 million in a Series E funding round, elevating its valuation to over $1 billion. The company aims to invest $100 million in India over the next five years to enhance its AI capabilities and create high-skilled jobs in key cities.
Coralogix Secures $115 Million in Funding, Plans Major AI Expansion in India
Israeli-founded data analytics and observability company Coralogix has announced the successful completion of a $115 million Series E funding round, boosting its valuation to over $1 billion and confirming its status as a unicorn. A significant portion of the newly acquired capital will be directed towards expanding operations in India, which the company considers one of its top three global markets.
Investment Focus
The investment will primarily focus on scaling Coralogix's AI capabilities and creating hundreds of high-skilled tech jobs in major Indian cities such as Gurgaon, Bangalore, and Mumbai. This strategic move underscores India’s importance in Coralogix's global growth and innovation strategy.
The funding round was led by California-based NewView Capital, with contributions from the Canada Pension Plan Investment Board (CPPIB), NextEquity, and existing investors including Advent International and Brighton Park Capital. With this latest round, Coralogix has raised over $350 million in total capital.
Enhancing AI-Powered Observability
Coralogix plans to utilize the funds to enhance its full-stack AI-powered observability platform, which enables businesses to monitor and analyze their software, security, and AI systems in real-time without traditional indexing methods. The company has reported a sevenfold increase in revenues since its previous funding round in 2022, indicating significant growth.
Commitment to the Indian Market
Since entering the Indian market in 2020, Coralogix has committed to investing approximately $100 million over the next five years to strengthen its presence. This investment includes expanding its office in Gurgaon, which serves as the India headquarters and an AI research and development hub, as well as accelerating hiring for its engineering, R&D, and customer success teams in Bangalore and Mumbai.
Navdeep Manaktala, head of Coralogix in India, noted plans to significantly ramp up the engineering R&D team, focusing on AI and data science roles. CEO and Co-founder Ariel Assaraf emphasized the strategic significance of India in the company's roadmap, highlighting the compatibility between Israeli and Indian engineering cultures.
Competitive Edge in Observability Market
Coralogix's unique technology offers a competitive edge in the observability market, which is projected to grow from $93.4 million in 2023 to $280.3 million by 2030 in India. The platform's streaming-first architecture allows for real-time analysis of logs, metrics, traces, and security data without costly indexing or storage, resulting in significant cost reductions for customers.
Recently, the company has invested heavily in its AI capabilities, launching a new AI agent named "Olly" and the Coralogix AI Center. Olly aims to make observability insights accessible beyond engineering teams through a generative AI interface.
Future Prospects
Coralogix's expansion in India is not solely about capturing market share; it also aims to leverage the country's rich tech talent pool to drive global innovation. The company serves a range of prominent Indian clients, including Razorpay, Meesho, and Postman, and has established a local Amazon Web Services (AWS) server in Mumbai to comply with regional data laws. By deepening its R&D and AI operations in India, Coralogix seeks to enhance its AI observability stack and contribute to India's growing tech ecosystem, marking a significant step in its growth strategy in the AI-driven observability landscape.