Company:Coralogix

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Short description: SaaS platform


Coralogix
Type of businessPrivate
Type of site
Content Management and File sharing
HeadquartersCalifornia , U.S.
Key people
  • Ariel Assaraf, CEO
  • Yoni Farin, CTO
  • Matt Handler, COO & President
  • Lior Redlus, Data Science Officer
Websitewww.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]

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]


References

  1. ↑ "Biometrics firm fights monitoring overload with log analytics" (in en). https://searchitoperations.techtarget.com/news/252479624/Biometrics-firm-fights-monitoring-overload-with-log-analytics. 
  2. ↑ "Coralogix to invest $30 mn in India to meet data localisation norms". Business Standard India. Press Trust of India. 2020-08-13. https://www.business-standard.com/article/companies/coralogix-to-invest-30-mn-in-india-to-meet-data-localisation-norms-120081301834_1.html. 
  3. ↑ Orbach, Meir (2021-07-29). "Coralogix raises $55 million Series C to expand data platform". https://www.calcalistech.com/ctech/articles/0,7340,L-3913701,00.html. 
  4. ↑ "Coralogix raises $55 m in Series C round led by Greenfield Partners" (in en). 29 July 2021. https://www.thehindubusinessline.com/companies/coralogix-raises-55-m-in-series-c-round-led-by-greenfield-partners/article35614808.ece. 
  5. ↑ "Coralogix raises $25M using ML to turn log analytics into useful insight" (in en). 2020-09-30. https://www.geektime.com/coralogix-raises-25m/. 
  6. ↑ 6.0 6.1 "Bizzabo: "Globes" most promising 2020 Israeli startup" (in en). Globes. 2020-08-12. https://en.globes.co.il/en/article-globes-selects-bizzabo-as-israels-most-promising-2020-startup-1001352283. 
  7. ↑ FinSMEs (2019-11-26). "Coralogix Raises $10M in Series A Funding" (in en-US). https://www.finsmes.com/2019/11/coralogix-raises-10m-in-series-a-funding.html. 
  8. ↑ yilanhu. "Global Startup Roadshow Profile: Coralogix, Microsoft Accelerator Graduate" (in en-us). https://startups.microsoft.com/en-us/blog/global-startup-roadshow-profile-coralogix-microsoft-accelerator-graduate. 
  9. ↑ "Microsoft Accelerator Turns 5, Check Out The 15 Startups From This Year's Roadshow" (in en-US). 2017-06-09. https://startupbeat.com/microsoft-accelerator-turns-5-check-out-the-15-startups-from-this-years-roadshow/25377/. 
  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." (in en-US). https://www.businessinsider.com/data-analytics-coralogix-pitch-deck-technology-55m-2021-8. 
  11. ↑ "AI Log Analytics Startup Coralogix Closes $55M Funding Round" (in en-US). 2021-08-01. https://nocamels.com/2021/08/ai-log-analytics-coralogix-55m-funding/. 
  12. ↑ "Israel-Based Coralogix Bags $25M To Expand Its Log Analytics Solutions In India" (in en-US). 2020-10-01. https://inc42.com/buzz/israel-based-coralogix-bags-25m-to-expand-its-log-analytics-solutions-in-india/. 
  13. ↑ Inc, Gartner. "Coralogix Reviews, Ratings, and Features - Gartner 2021". https://www.gartner.com/reviews/market/operations-intelligence-platforms/vendor/coralogix/product/coralogix. 
  14. ↑ user (October 2020). "Israel-based Coralogix Raises $25M in Series B Funding – MediaCatalyst" (in en-US). https://www.mediacatalyst.in/israel-based-coralogix-raises-25m-in-series-b-funding/. 
  15. ↑ 15.0 15.1 Ramarathinam, Ashwin (2021-07-29). "Coralogix raises $55 mn in Series-C funding to expand its footprint in India" (in en). https://www.livemint.com/companies/news/coralogix-raises-55-million-in-series-c-funding-to-expand-its-footprint-in-indi-11627571618353.html. 
  16. ↑ "Coralogix — News — Janvest Capital Partners" (in en-US). https://www.janvest.com/news/tag/Coralogix. 
  17. ↑ Rawat, Mansi (2020-10-06). "Coralogix, An AI-Based Platform For Logs, Metrics, And Security, Raises $25M" (in en-US). https://www.marktechpost.com/2020/10/05/coralogix-an-ai-based-platform-for-logs-metrics-and-security-raises-25m/. 
  18. ↑ CTech (2019-11-26). "Data Analytics Startup Coralogix Raises $10 Million". https://www.calcalistech.com/ctech/articles/0,7340,L-3774602,00.html. 
  19. ↑ "Coralogix raises $10 million to apply AI to software logs" (in en-US). 2019-11-26. https://venturebeat.com/2019/11/26/coralogix-raises-10-million-to-apply-ai-to-software-logs/. 
  20. ↑ "Coralogix raises $25 million to parse software logs with AI" (in en-US). 2020-09-30. https://venturebeat.com/2020/09/30/coralogix-raises-25-million-to-parse-software-logs-with-ai/. 
  21. ↑ Coulter, Martin. "Data analytics startup Coralogix used this 16-slide pitch deck to raise $142 million in a Series D funding round" (in en-US). https://www.businessinsider.com/pitch-deck-coralogix-142-million-series-d-data-analytics-startup-2022-6. 




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