Coralogix, a San Francisco and Tel Aviv, Israel-based company using streaming analytics to rebuild the path to observability, raised a $142 million Series D funding round, bringing the company's total amount raised to $238 million.
New investors Advent International ("Advent") and Brighton Park Capital ("Brighton Park") co-led the round with participation from Revaia Ventures and existing investors Greenfield Partners, Red Dot Capital Partners, Eyal Ofer's O.G. Tech, StageOne Ventures, Joule Capital Partners, and Maor Investments.
In connection with the funding round, Alek Ferro of Advent and Mike Gregoire of Brighton Park have joined the Coralogix board of directors.
With the proceeds from this round, Coralogix will grow its go-to-market, product, and R&D teams within the Americas, EMEA, UK, and APAC.
Company: Coralogix Ltd
Raised: $142.0M
Round: Series D
Funding Month: June 2022
Lead Investors: Advent International and Brighton Park Capital
Additional Investors: Greenfield Partners, Red Dot Capital Partners, Eyal Ofer's O.G. Tech, StageOne Ventures, Joule Capital Partners, and Maor Investments
Company Website: https://coralogix.com/
Software Category: Stream Observability Platform
About the Company: Coralogix is the leading in-stream observability platform, using proprietary Streama© technology to provide modern engineering teams with real-time insights and trend analysis for their data with no reliance on storage or indexing. The company has signed some of the most successful hypergrowth and enterprise customers in the US, Israel, India, and EMEA. The company also expanded into the security market with the launch of Snowbit, a cybersecurity venture focused on helping cloud-native companies comprehensively manage the security of their environments.
Source: https://www.prnewswire.com/news-releases/coralogix-closes-142m-series-d-funding-to-accelerate-its-vision-of-in-stream-data-analysis-for-logs-metrics-tracing-and-security-301557374.html