India remains one of Coralogix’s top three markets globally, with a growing demand for AI-based observability and security solutions across compliance-heavy and fast-scaling sectors
Coralogix, an Israel-based observability and security platform, has raised USD 115 million in a Series E funding round, pushing its valuation past the USD 1 billion mark. The company plans to channel a major share of this investment into India, with the aim of transforming the country into a core hub for its artificial intelligence research, global operations, and product innovation.
Led by California-headquartered NewView Capital, the funding round also saw participation from the Canada Pension Plan Investment Board (CPPIB) and NextEquity Partners, the venture firm backed by former Apple executives Avie Tevanian and Fred Anderson. Existing backers – including Advent International, Brighton Park Capital, and Greenfield Partners – also returned for this round.
India remains one of Coralogix’s top three markets globally, with a growing demand for AI-based observability and security solutions across compliance-heavy and fast-scaling sectors such as BFSI, IT and Telecom, Logistics, and EdTech.
“India plays a strategic role in Coralogix’s global roadmap,” said Ariel Assaraf, CEO and co-founder of Coralogix. “With this round, we aim to expand our Indian presence significantly, including building cutting-edge AI capabilities, deepening partnerships, and creating additional high-value tech jobs.”
Coralogix already serves Indian enterprises such as Razorpay, CoinDCX, Postman, Jupiter Money, BookMyShow, BharatPe, Meesho, and Delhivery. The company has helped these organisations improve real-time visibility, incident response, and performance monitoring through its AI observability solutions.
With the Indian data observability market expected to triple in value – from USD 93.4 million in 2023 to USD 280.3 million by 2030 – Coralogix is betting big on its AI observability agent, Olly. The platform offers anomaly detection, access monitoring, and real-time alerts that help businesses meet rising compliance demands and security standards.
As part of its expansion strategy, Coralogix will grow its presence in Gurgaon and step up hiring in Bangalore and Mumbai, adding roles in engineering, cloud security, AI and data science, enterprise sales, and customer success. Over the next five years, the firm plans to create hundreds of high-skill jobs in India.
The company will also continue to localise its offerings and strengthen its AWS-based data infrastructure in Mumbai to better serve heavily regulated sectors such as finance and healthcare.
“This investment in India will not only create world-class capabilities but also contribute to the local tech ecosystem,” said Navdeep Manaktala, co-founder of Snowbit and president, APAC, Coralogix. “We are excited to harness India’s engineering excellence to help shape the future of AI-powered observability and security.”
The funding follows Coralogix’s December 2024 acquisition of Aporia, an AI observability and guardrails startup, and the launch of the Coralogix AI Center, which provides performance, governance, and security insights across AI systems.
“This funding round validates our momentum and helps us push the boundaries of AI-driven observability, enabling smarter decisions and faster innovation across the business,” said Yoni Farin, CTO, Coralogix.
