We just raised $142 million in our Series D Round! Read About Our Plans for the Future

This Win is for Our Customers – We’ve Just Raised $142 Million in a Series D Round

  • Coralogix
  • June 1, 2022
Round D funding

While 2020 and 2021 were significant years for us, we’ve entered this year ready to give more to our users!

We’re delighted to share we have raised $142 million in a Series D funding round!

So what does that mean for you exactly? Over the past few months, our team has been working hard to build custom mapping for metrics, an advanced tracing UI, and more into our platform. The world is our oyster, and we can’t wait for you to see what else we have planned!

Streama Technology

Our Streama Technology produces real-time insights and trend analysis for all observability data with no reliance on storage or indexing, solving the challenges of building, running, and securing modern infrastructures and applications. You can read more about our Streama technology and see how it works for yourself!

“Our approach at Coralogix is to solve the fundamental challenges of ever-growing data volumes and system complexity. Our technology breaks the unit economics of observability to provide our customers with a cost-effective way to centralize and scale across the R&D organization. With this round of funding, we will be expanding our offering into further markets as we continue our journey to provide harmonious observability,” said Ariel Assaraf, CEO of Coralogix.

Our users typically see a 40 to 70 percent cost reduction while expanding their coverage and improving data insights via our Streama technology. The technology uses Kafka streams and independent Kubernetes services to analyze data in-stream. Coralogix uses components within the stream to store the system state and produce time-relative insights such as trend analysis, dynamic alerting, and anomaly detection with no dependence on any external datastore. All of the data is stored in the client’s S3 bucket, or any object storage, with direct query capabilities via our UI or CLI, giving the customer infinite retention.

Full-Stack Observability

We are committed to maintaining our status as a best-in-class observability tool – in 2022, we’ve taken the next steps in our evolution to provide users infinite insights into their logs, metrics, tracing, and security. 

Logs

Get full feature functionality and infinite retention without ever having to index your raw data for infinite insights with transparent and predictable costs. Generate trackable metrics from your logs on the fly using the Logs2Metrics feature. Automatically cluster millions of individual logs into templates to more quickly pinpoint issues. Lastly, with Coralogix Actions, you can easily jump to third-party vendors based on query results/values under specific keys identified via the Coralogix platform.

Metrics

Collect all metric data without the overhead, performance, and scaling issues of other solutions so that you can centralize alerts and visualizations, correlate across systems and environments, and leverage open platforms advanced mapping visualizations. With our new DataMap feature, you’ll be able to create visual mappings of your infrastructure, log-based, and business metrics data to represent and monitor the structure and health of your business. The feature offers you full customization based on any perspective or goal. 

Tracing 

Our tracing features allow you to pinpoint issues, drill down into spans and visualize data flows, resolve issues faster, and work with open-source instrumentation & visualization tools. The Coralogix Tracing UI can be used for querying, filtering, and visualizing your tracing data in the same screen as all your logs, metrics, and security events. You can filter traces by applications, subsystems, and duration, allowing you to easily identify traces that are above a given threshold or fall within a min-max range. 

We are an official contributor to OpenTelemetry so your tracing data can easily be sent to the Coralogix platform using our exporter. Plus, in addition to offering our own UI, you can visualize your tracing data in a hosted-Jaeger instance or bring your own and use Coralogix as a data source.

Security

The Coralogix security features offer you a modern solution that enables security as a code and meets the highest security and compliance standards. With the platform, you’ll get full data coverage, cloud SIEM, cloud security posture, vulnerability assessments, network and host security monitoring, and access to a 24×7 security resource center. 

What Are Our Plans

In short, it’s been an exciting few months for us and the platform. As we move forward, and with this new round of funding, we are more committed than ever to providing our users with the best solution there is.

To that end, we will continue growing our go-to-market, product, and R&D teams and expand into 10 new markets. As we expand, we will be focused on maintaining our world-class support and adding to and improving our full-stack observability platform.

We understand the importance of efficiency, cost-effectiveness, and reliability, and we vow always to give our users the best there is!

Thank You to Our Investors!

We’re proud to partner with Advent International and Brighton Park Capital, who co-led this round, with participation from Revaia Ventures and existing investors Greenfield Partners, Red Dot Capital Partners, Eyal Ofer’s O.G. Tech, StageOne Ventures, Joule Capital Partners, and Maor Investments.