Coralogix Explained

Coralogix
Type:Content Management and File sharing
Company Type:Private
Launch Date:2014
Location:California, U.S.

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]

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. 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.

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.[15]

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.[16]

In 2019, it raised $10 million in a Series A round from Aleph Venture Capital, 2B Angels, Janvest Capital Partners, and StageOne Ventures.[17] [18]

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.[19]

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.[20]

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

Notes and References

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

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