Total amount raised
$235.8 Millions
Latest funding date
Location
Coralogix has successfully raised significant funding through multiple rounds, including a Series D, with backing from notable investors like Phoenix Financial and Robin Haak. The platform leverages advanced machine learning algorithms to provide real-time insights and long-term trend analysis for modern engineering teams.
Keep reading to explore the intricacies of Coralogix's fundraising journey and the investors backing this innovative platform.
What Is Coralogix?
Founded in 2014, Coralogix is based in Ramat Gan, Tel Aviv, Israel. The company was established by Ariel Assaraf, Guy Kroupp, Lior Redlus, and Yoni Farin.
Coralogix offers a SaaS platform that leverages machine learning algorithms to facilitate delivery and maintenance processes for software providers. The platform provides real-time insights and long-term trend analysis without relying on storage or indexing.
With a team of 251-500 employees, Coralogix continues to innovate in the field of data observability, offering solutions that scale with businesses and provide comprehensive visibility across the entire stack.
How Much Funding Has Coralogix Raised?
- Seed Round
- Amount Raised: $1M
- Date: August 2014
- Lead Investors: Joule Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Coralogix's initial product offerings.
- Series A
- Amount Raised: $2.8M
- Date: November 2016
- Lead Investors: StageOne Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $10M
- Date: November 2019
- Lead Investors: Aleph
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Grant
- Amount Raised: $15K
- Date: December 2019
- Lead Investors: NetApp Excellerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage innovation and development.
- Series B
- Amount Raised: $25M
- Date: September 2020
- Lead Investors: O.G. Venture Partners, Red Dot Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product features.
- Series C
- Amount Raised: $55M
- Date: July 2021
- Lead Investors: Greenfield Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business globally and invest in R&D.
- Non-Equity Assistance
- Amount Raised: -
- Date: October 2021
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources from Google.
- Non-Equity Assistance
- Amount Raised: -
- Date: January 2022
- Lead Investors: Google for Startups
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage Google's network and expertise.
- Series D
- Amount Raised: $142M
- Date: June 2022
- Lead Investors: Advent International, Brighton Park Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand R&D, product, and go-to-market teams globally.
Total Amount Raised: $235.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Advent International
- Details: Advent International is a global private equity firm with a strong presence in various sectors. They have a history of investing in companies that show significant growth potential.
- Investment Focus Areas: Business and financial services, healthcare, industrial, retail.
- Notable Investments: Walmart Brazil, Olaplex, McAfee.
- Brighton Park Capital
- Details: Brighton Park Capital is a growth equity investment firm that focuses on software, healthcare, and tech-enabled services. They aim to partner with companies that have innovative solutions and strong market positions.
- Investment Focus Areas: Software, healthcare, tech-enabled services.
- Notable Investments: Relatient, Paradox, ReliaQuest.
- Greenfield Partners
- Details: Greenfield Partners is a growth equity firm that invests in technology companies, particularly those in the growth stage. They support companies with strategic guidance and capital to scale their operations.
- Investment Focus Areas: Technology, software.
- Notable Investments: BigPanda, Guardicore, SentinelOne.
- Red Dot Capital Partners
- Details: Red Dot Capital Partners is a growth-stage venture capital firm that focuses on technology and innovation. They provide funding and strategic support to help companies achieve their growth objectives.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Trax, Claroty, Guardicore.
- StageOne Ventures
- Details: StageOne Ventures is an early-stage venture capital firm that focuses on enterprise technology companies. They invest in startups with disruptive technologies and strong founding teams.
- Investment Focus Areas: Enterprise software, deep technology.
- Notable Investments: Appsflyer, Guardicore, Redis Labs.
What's Next for Coralogix?
Coralogix is poised to capitalize on the growing demand for real-time data analytics and observability solutions. With the recent $142 million Series D funding, the company plans to expand its R&D, product, and go-to-market teams globally, targeting regions like the Americas, EMEA, UK, and APAC. This expansion aligns with industry trends emphasizing the need for cost-effective, real-time insights in complex hybrid cloud environments.
Future fundraising opportunities seem promising as Coralogix continues to innovate and capture market share. The company's unique approach of providing observability without relying on storage or indexing sets it apart from competitors, potentially attracting more investors. However, challenges such as intense competition and the complexities of global expansion could pose hurdles. Maintaining high standards of customer support and product quality will be crucial as Coralogix navigates these growth opportunities.
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