26 November 2019:
ML-powered log analytics solution provider Coralogix has raised $10 million in Series A round of funding. The funding round was led by Aleph. StageOne Ventures, JANVEST Capital Partners, and 2B Angels also participated in the funding round.
The company will use the fresh capital to scale sales and marketing and accelerate product innovation for Coralogix’s best-in-class log analytics platform.
Matt Handler, former VP of Sales and Channel at Sumo Logic, will join the Coralogix board of directors.
Coralogix launched an integrated security information and event management solution (SIEM) and intrusion detection system (IDS) specifically designed for DevOps teams.
The combined solution enables DevOps teams to tap into their server, audit, VPC Flow Logs, and CloudTrail logs to monitor and analyze their security events.
Aaron Rosenson, General Partner at Aleph, 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.”
Aaron Rosenson, added, “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.”
Ariel Assaraf, CEO and co-founder, Coralogix, 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.”
Ariel Assaraf, added, “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 was founded in 2015. It uses uses cutting-edge algorithms to autonomously manage and analyze log data in cloud applications.
(Image – Coralogix)