Coralogix raises $115m to scale AI observability tools

Coralogix

Coralogix, a full-stack observability platform provider that leverages AI to optimise system monitoring and performance analytics, has secured $115m.

The Series E round was led by NewView Capital, with participation from Canada Pension Plan Investment Board (CPPIB) and NextEquity, a venture firm established by former Apple executives Avie Tevanian and Fred Anderson.

Existing investors including Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Tech, Joule Capital Partners, and Maor Investments also returned to support the round, which brings Coralogix’s valuation above $1bn.

Founded to transform how businesses approach observability, Coralogix provides AI-driven tools that help DevOps and engineering teams gain real-time visibility into their systems. The company’s technology focuses on detecting anomalies, improving system reliability, and accelerating root cause analysis across complex environments.

With the new capital, Coralogix plans to expand its AI and security capabilities, including further investment into its AI research centre. The funds will also support the continued development of its new AI agent, Olly, which is designed to make observability insights more accessible across the enterprise.

Olly, a recently launched AI agent, is positioned as a transformative tool that goes beyond conventional observability. Rather than merely surfacing data, Olly proactively guides users through questions, uncovers insights, and recommends actionable steps. The tool aims to make observability intuitive and useful for both technical and non-technical users, enhancing decision-making and operational efficiency.

This funding round follows two recent milestones for the company: the December 2024 acquisition of Aporia, a specialist in AI observability and guardrails; and the launch of the Coralogix AI Center, which delivers insights into system performance, response quality, security, and governance.

Coralogix CEO and co-founder Ariel Assaraf said, “This funding round accelerates our momentum and helps us push the boundaries of AI-driven observability, enabling smarter decisions and faster innovation across the business.”

Coralogix CTO and co-founder Yoni Farin said, “As we expand our full-stack Observability & Security platform, this round will help us in accelerating the building of the Coralogix AI research center where engineers are already working on how data will be accessed and analyzed in the future.”

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