Coralogix secured $10M Series A Funding Round

Coralogix, a leading Machine Learning powered log analytics solution startup based out of the United States, has secured $10 Million in the Series A funding round.

StageOne Ventures, Janvest Capital Partners, and 2B angels also participated in the funding round. The fund secured by the Coralogix to date is $16.2 million. Some of the top ventures such as the Postman, KFC, Fiverr, and Caesars Palace, are among their clients.

The funding will also be going to be used for expanding its sales, market and also to introduce Coralogix’s latest outstanding log analytics innovation.

Executive Opinion

General Partner at Aleph, Aaron Rosenson, said, "What impressed us most about Coralogix is the cult following they've earned from the developer community. Engineers are fanatic about this product and are spreading its value by word of mouth, leading to remarkable sales momentum. We look forward to supporting the company as they execute their ambitious plan to scale the company and product globally. They are a young company, yet they serve several Fortune 500 enterprises and thousands of leading companies including, Postman, Monday, Fiverr, KFC and Caesars Palace. We look forward to playing a role in the company's continued growth."

CEO and co-founder, Coralogix, Ariel Assaraf, said, "Companies have become dependent on the cloud to run every aspect of their business, yet diagnosing operational problems continues to be a major challenge. My CTO Yoni Farin and I re-built Coralogix in 2017 to help companies manage the growing complexity of distributed cloud applications. Here we are two years later, and it's astonishing what we've been able to achieve. This new capital will help complete our vision to empower DevOps to control operations and security data from collection through to insights and decisions — with the ultimate goal to make raw log data obsolete."

Coralogix Offerings

Coralogix is also introducing integrated security information and event management (SIEM) solution and intrusion detection system (IDS), notes the announcement.

Designed for DevOps teams, these offerings leverage machine learning to give visibility into server, audit, VPC Flow Logs, and CloudTrail logs to monitor and analyze their security events, notes the announcement.

The startup mainly works on the Machine Learning algorithm, Open source code, SaaS technology, Log Analytics, Information Technology and Cloud computing to maintain immense log data organize quicker and offer the data processing in exceptional quality.

Payoneer, BookMyShow, and PayU are some of the customers who leverage Coralogix's offerings, notes the announcement.