Log analytics company Coralogix completes $25 million series B round
The company also announced the launch of its new real-time analytics solution Streama
Hagar Ravet | 15:56 30.09.2020
Israel-based Coralogix announced on Wednesday that it completed a $25 million series B financing round bringing its total capital raised to $40 million. The round was co-led by Red Dot Capital Partners and Eyal Ofer’s O.G. Tech with participation from existing backers Aleph VC, StageOne Ventures, Janvest Capital Partners, and 2B Angels. The company employs around 60 people in its offices in Tel Aviv, San Francisco, and Mumbai. Coralogix is a log analytics platform that enables IT teams to monitor and analyze the data their software produces. The company’s platform is based on machine learning and enables clients to autonomously detect anomalies and provides alerts on malfunctions, and the impact of newer software versions on the system’s quality. According to the company, thousands of global companies including Masterclass, BookMyShow, Postman, and PayU, as well as local companies like Monday.com, Fiverr, Armis, and Payoneer, use Coralogix to power their businesses.