– USA, CA – Coralogix today announced it has raised a $25 million Series B funding round co-led by new investors Red Dot Capital Partners and O.G. Tech Ventures, alongside existing investors Aleph VC, StageOne Ventures, Janvest Capital Partners, and 2B Angels, and bringing the total amount raised to $41.2 million.
Concurrent with the financing, Barak Salomon of Red Dot Capital Partners and Roy Oron of O.G. Tech Partners will join the board of directors.
Coralogix also announced today the launch of ‘Streama’, its real-time analytics solution. The new release challenges the cost model of observability by allowing customers to pay according to data priority instead of solely on volume. By re-engineering the Elasticsearch engine, Coralogix is able to offer queries, alerts, and its ML capabilities without the use of storage.
“Over the last few years, companies have had to forgo observability due to prohibitive costs,” said CEO and co-founder, Ariel Assaraf. “As a result, monitoring and log management has become increasingly difficult, not to mention it has forced companies to compromise on stability and security. By creating a real-time pipeline that analyzes and queries logs using the Elasticsearch syntax, and powering it with our ML engine, our customers can benefit from all the great visualization and alerting capabilities Elasticsearch offers without its limitations and massive storage costs.”
About Coralogix
Coralogix is a Log Analytics platform that empowers teams to autonomously manage and analyze data in cloud applications. The platform’s machine learning engine enables users to improve their stability, and accelerate their version delivery without paying for the noise their systems generate. Thousands of global-leading companies including Masterclass, Monday.com, BookMyShow, Postman, and PayU use Coralogix to power their businesses.
For more information: https://coralogix.com/
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