Coralogix, a San Francisco, CA-based company that uses streaming analytics to rebuild the path towards observability, raised $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.
Coralogix’s CEO Ariel Assaraf is leading the company. Coralogix uses proprietary technology to provide engineers with real-time insight and trend analysis of their data. It does not rely on indexing or storage. In addition, the company is announcing a new distributed query engine enabling fast queries on dynamically mapped data from the customer’s remote storage. Customers can analyze the data live and query it from their 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.
Coralogix is used by over 10,000 DevOps and Security Engineers around the globe every day to monitor their stacks and resolve production issues.