Israel in full stack oftervents provider Coralalogix Announcing completion of a $ 115 million series e financing round in a valuation of the company over $ 1 billion. Thus the company, developing a wise platform to determine and analysis of software and computer system issues, joined the Unicorn Club. Coralalogix was built in 2014 and at the moment there were 500 employees, including 250 in ISWO ITE Devele Develfe Two Center.
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The Round is led by the NewView capital, with an involvement in the Canada Pension Investment Board (CPPIB) and Nextetidity. All existing investors including the International International Capital Park, Revaa, Dot Dot partners, and Joule investments that capital partners, and joule investments also participate in the round. CorogaLix also opens “Olly,” an AI agent designed to extend the enterprise observation amount. Olly allows anyone, from product managers to business leaders, to talk to observation data and retrieve real-time, moving answers. The company says Olly shortens the time to find a solution of 93% compared to existing ways.
Coralalogix was built in CEO Ariel Assaraf, CTO Yoni Farin, Guy Kroupled and Lior Redlit, all of Vertinte employees. The product idea was conceived because of a repetitive demand for operations, for early recognition of issues that caused the field crises, the founders said. In the first few years, the company has many changes, including the change in management and product management and product, before breaking in terms of business and technology. The company is also selected by 2020 as one of the “globes’ most promising beginnings,” where it is in the tenth. Assaraf said, “This fund will allow us to continue to develop the next generation of AI-based monitoring.”
So what is the company doing?
The company’s platform provides organizations with comprehensive activity observation of all their systems – applications, services, infrastructure and AI, all in real time. This operation data is united with different types (logs, data security, user experience, with intent to provide a combined solution to substitute many systems.
Published in Globes, Israel News in News – en.globes.co.il – On June 17, 2025.
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