Israel's Coralogix raises $115 Mn to fuel India expansion

Israel-based cybersecurity company Coralogix has raised $115 million in its Series E round led by NewView Capital and included participation from Canada Pension Plan Investment Board and NextEquity. The funding values Coralogix at over $1 billion.

All existing investors, Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Tech, Joule Capital Partners, and Maor Investments, supported this funding round.

The proceeds will be used to expand its office in Gurugram and hire more people in Bengaluru and Mumbai. It will recruit for roles in data science, AI, customer engineering, and enterprise sales. The expansion aims to serve sectors like BFSI, IT, telecom, logistics, and edtech in India.

Coralogix offers a full-stack platform for application performance, security, and real-user monitoring. It prices its service by data volume and provides strong support to help businesses respond quickly and resolve issues.

Coralogix already works with companies in India, including Postman, Meesho, BookMyShow, Razorpay, CoinDCX, BharatPe, and Delhivery. It plans to launch Olly, its new AI observability tool, to help businesses find and resolve issues quickly and meet compliance requirements.

This expansion follows Coralogix’s acquisition of Aporia in December 2024 and the launch of its Coralogix AI Center, which focuses on the performance, security, and governance of enterprise data.