Coralogix

Last updated
Coralogix
Type of businessPrivate
Type of site
Content Management and File sharing
Headquarters California, U.S.
Key people
  • Ariel Assaraf, CEO
  • Yoni Farin, CTO
  • Matt Handler, COO & President
  • Lior Redlus, Data Science Officer
URL www.coralogix.com
Launched2014

Coralogix is a SaaS platform that analyzes log, metric, and security data in real-time and uses machine learning to streamline delivery and maintenance processes for software providers. [1] It was founded in 2014 by Guy Kroupp, Ariel Assaraf, and Lior Redlus and has its headquarters in California, United States. [2] [3] [4]

Contents

History

Coralogix was founded in 2014 by Ariel Assaraf, Guy Kroupp, and Lior Redlus in Tel Aviv, Israel. [5] Later, Kroupp exited the company [6] and Yoni Farin joined as a co-founder in 2017. [6] Matt Handler joined in 2018 as the president and chief operating officer (COO). [7]

In 2016, Coralogix graduated from the Microsoft Accelerator in Tel Aviv. [8] [9]

In 2020, it released its Streama technology. [10] The same year, it expanded in India to provide businesses with data storage capabilities using Amazon Web Services (AWS) regional support. [11] [12] It was also recognized as a 2020 Cool Vendor in Performance Analysis by Gartner [13] and grew to 10 million users by the end of the year. [14]

By September 2021, Coralogix had raised $96.2 million in investment from over ten investors. [15]

Investments

In 2014, Coralogix raised Pre-Seed funding from Nimrod Cohen, followed by a $1 million in a Seed funding round led by Janvest Capital Partners. [16]

In 2016, it raised $5.2 million in an additional Seed funding round led by StageOne Ventures, with participation from Janvest Capital Partners and Moshe Litchtman. [17]

In 2019, it raised $10 million in a Series A round from Aleph Venture Capital, 2B Angels, Janvest Capital Partners, and StageOne Ventures. [18] [19]

In 2020, it raised $25 million in a Series B round from Aleph Venture Capital, 2B Angels, O.G. Tech, StageOne Ventures, Red Dot Capital Partners, and Janvest Capital Partners. [20]

In 2021, it raised $55 million in a Series C round from Greenfield Partners, StageOne Ventures, Janvest Capital Partners, Red Dot Capital Partners, Maor Ventures, O.G. Tech, and 2B Angels. [15]

In 2022, it raised $142 million in a Series D funding round, led by private equity giant Advent International, alongside Brighton Park Capital. [21]


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References

  1. ↑ "Biometrics firm fights monitoring overload with log analytics". SearchITOperations. Retrieved 2021-10-11.
  2. ↑ "Coralogix to invest $30 mn in India to meet data localisation norms". Business Standard India. Press Trust of India. 2020-08-13. Retrieved 2021-10-11.
  3. ↑ Orbach, Meir (2021-07-29). "Coralogix raises $55 million Series C to expand data platform". calcalistech.com. Retrieved 2021-10-11.
  4. ↑ "Coralogix raises $55 m in Series C round led by Greenfield Partners". @businessline. 29 July 2021. Retrieved 2021-10-11.
  5. ↑ "Coralogix raises $25M using ML to turn log analytics into useful insight". Geektime. 2020-09-30. Retrieved 2021-10-08.
  6. 1 2 "Bizzabo: "Globes" most promising 2020 Israeli startup". Globes. 2020-08-12. Retrieved 2021-10-08.
  7. ↑ FinSMEs (2019-11-26). "Coralogix Raises $10M in Series A Funding". FinSMEs. Retrieved 2021-10-08.
  8. ↑ yilanhu. "Global Startup Roadshow Profile: Coralogix, Microsoft Accelerator Graduate". startups.microsoft.com. Retrieved 2021-10-08.
  9. ↑ "Microsoft Accelerator Turns 5, Check Out The 15 Startups From This Year's Roadshow". StartUp Beat. 2017-06-09. Retrieved 2021-10-08.
  10. ↑ Coulter, Martin. "Analytics is predicted to be worth $130 billion by 2026. Check out the 21-slide pitch deck Coralogix used to raise $55 million from VCs". Business Insider. Retrieved 2021-10-08.
  11. ↑ "AI Log Analytics Startup Coralogix Closes $55M Funding Round". NoCamels. 2021-08-01. Retrieved 2021-10-08.
  12. ↑ "Israel-Based Coralogix Bags $25M To Expand Its Log Analytics Solutions In India". Inc42 Media. 2020-10-01. Retrieved 2021-10-08.
  13. ↑ Inc, Gartner. "Coralogix Reviews, Ratings, and Features - Gartner 2021". Gartner. Retrieved 2021-10-08.{{cite web}}: |last= has generic name (help)
  14. ↑ user (October 2020). "Israel-based Coralogix Raises $25M in Series B Funding – MediaCatalyst" . Retrieved 2021-10-08.{{cite web}}: |last= has generic name (help)
  15. 1 2 Ramarathinam, Ashwin (2021-07-29). "Coralogix raises $55 mn in Series-C funding to expand its footprint in India". mint. Retrieved 2021-10-08.
  16. ↑ "Coralogix — News — Janvest Capital Partners". Janvest. Retrieved 2021-10-11.
  17. ↑ Rawat, Mansi (2020-10-06). "Coralogix, An AI-Based Platform For Logs, Metrics, And Security, Raises $25M". MarkTechPost. Retrieved 2021-10-11.
  18. ↑ CTech (2019-11-26). "Data Analytics Startup Coralogix Raises $10 Million". CTECH. Retrieved 2021-10-08.
  19. ↑ "Coralogix raises $10 million to apply AI to software logs". VentureBeat. 2019-11-26. Retrieved 2021-10-08.
  20. ↑ "Coralogix raises $25 million to parse software logs with AI". VentureBeat. 2020-09-30. Retrieved 2021-10-08.
  21. ↑ Coulter, Martin. "Data analytics startup Coralogix used this 16-slide pitch deck to raise $142 million in a Series D funding round". Business Insider. Retrieved 2022-09-14.
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