Cybersecurity Funding

Coralogix Raises $142 Million for Data Observability Platform

Data analytics company Coralogix announced on Wednesday that it has closed a $142 million Series D funding round, which brings the total raised by the firm to $238 million.

Eduard Kovacs

June 2, 2022

Data analytics company Coralogix announced on Wednesday that it has closed a $142 million Series D funding round, which brings the total raised by the firm to $238 million.

The latest funding round was co-led by Advent International and Brighton Park Capital, with participation from Revaia Ventures, Greenfield Partners, Red Dot Capital Partners, Eyal Ofer’s O.G. Tech, StageOne Ventures, Joule Capital Partners, and Maor Investments.

The investment will be used to expand the Israel-based company’s R&D, product and go-to-market teams around the world.

Founded in 2015, Coralogix has developed an in-stream observability platform designed to make it easier for DevOps, engineering and security teams to get real-time insights and analysis for their data, without the need to use storage or indexing.

The platform can be used for log management and analytics, infrastructure and application metrics, data tracing, and security. In terms of security, the platform provides threat detection, incident response, and posture and vulnerability assessment capabilities.

The company claims to have more than 2,000 customers, with 10,000 DevOps and security engineers using its products.

Coralogix recently expanded into the security market with the launch of Snowbit, a cybersecurity venture focused on helping cloud-native companies manage the security of their environments.

Written By Eduard Kovacs

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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