Unicorn Coralogix commits $100M to boost India's AI R&D.

Israeli-founded data analytics and observability firm Coralogix has successfully raised $115 million in a Series E funding round, a move that catapults its valuation to over $1 billion and solidifies its status as a unicorn. A significant portion of this new capital is earmarked for a major expansion in India, which the company identifies as one of its top three global markets. The investment will focus on scaling its AI capabilities and creating hundreds of high-skilled tech jobs in Gurgaon, Bangalore, and Mumbai, underscoring India's strategic importance in Coralogix's global growth and innovation roadmap.

The funding round was led by California-based NewView Capital, with participation from the Canada Pension Plan Investment Board (CPPIB), NextEquity, and existing investors including Advent International and Brighton Park Capital.[1][2] This latest infusion brings Coralogix's total capital raised to over $350 million.[1] The company plans to leverage the funds to enhance its full-stack AI-powered observability platform, which helps businesses monitor and analyze their software, security, and AI systems in real-time without relying on traditional indexing methods.[3][4] This strategic investment arrives as Coralogix experiences significant growth, with revenues reportedly increasing sevenfold since its previous funding round in 2022.[5]

At the heart of Coralogix’s strategy is a deep commitment to the Indian market, which it entered in 2020.[6][7] The company has pledged to invest approximately $100 million in India over the next five years to bolster its presence.[8][9] This investment will involve significantly expanding its office in Gurgaon, which serves as its India head office and an AI research and development hub, and accelerating hiring for its engineering, R&D, and customer success teams in Bangalore and Mumbai.[6][10] The company anticipates creating hundreds of roles in specialized fields such as AI, data science, cloud security, and enterprise sales.[11][2] Navdeep Manaktala, the head of Coralogix in India, highlighted the plan to ramp up the engineering R&D team, with a large number of positions dedicated to AI and data science.[6] CEO and Co-founder Ariel Assaraf has emphasized the strategic role of India in the company's global roadmap, citing the strong fit between Israeli and Indian engineering cultures.[10][8]

Coralogix's technology offers a unique approach in the competitive observability market, which is projected to grow substantially in India from $93.4 million in 2023 to $280.3 million by 2030.[12][13] The platform's streaming-first architecture allows for real-time analysis of logs, metrics, traces, and security data without the need for costly indexing or storage, a key differentiator from competitors like Datadog and Splunk.[3][14] This model typically results in significant cost reductions for customers, often between 40 and 70 percent.[14] Recently, the company has heavily invested in its AI capabilities, launching a new AI agent named "Olly" and the Coralogix AI Center.[3][12] Olly is designed to make system-wide observability insights accessible beyond engineering teams, using a generative AI interface to answer complex questions about system performance and user experience in simple terms.[3][8] This focus on AI was further strengthened by the acquisition of AI observability startup Aporia in December 2024.[12][15]

The expansion in India is not just about capturing market share but also about tapping into the country's rich tech talent pool to drive global innovation.[12][2] Coralogix already serves a prominent list of Indian companies, including Razorpay, Meesho, BookMyShow, CoinDCX, Delhivery, and Postman.[12][11] The company has also established a local Amazon Web Services (AWS) server in Mumbai to help clients meet regional data compliance laws, a crucial factor for its growth in regulated sectors like BFSI (Banking, Financial Services, and Insurance), fintech, and healthcare.[6][10] By deepening its R&D and AI operations in India, Coralogix aims to enhance its AI observability stack locally and contribute to the country's burgeoning tech ecosystem.[12] This strategic push signifies a strong vote of confidence in India's role as a global hub for technology and innovation, setting the stage for Coralogix's next phase of growth in the AI-driven observability landscape.