The company’s latest funding round was led by NewView Capital, a California-based venture growth firm, with participation from the Canada Pension Plan Investment Board and NextEquity, the venture firm founded by former Apple executives Avie Tevanian and Fred Anderson.
Existing investors, including Advent International, Brighton Park Capital, Revaia, Greenfield Partners, Red Dot Capital Partners, O.G. Tech, Joule Capital Partners, and Maor Investments, also participated in this round.
The startup intends to allocate a substantial share of the capital to its operations in India, one of its three largest markets worldwide. The investment will be used to expand its presence, with a focus on BFSI, IT and telecom, logistics, and edtech sectors.
“India plays a strategic role in Coralogix’s global roadmap,” said Ariel Assaraf, Co-founder and CEO 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.”
As part of the investment, the company plans to expand its Gurugram office and increase hiring in Bengaluru and Mumbai, focusing on strengthening its engineering, R&D, and customer success teams.
Over the next five years, the firm anticipates adding several hundred specialised technology roles, including positions in AI and data science, cloud security, customer engineering, and enterprise sales.
“This investment in India will not only create world-class capabilities but also contribute to the local tech ecosystem,” said Navdeep, 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 Israel-based tech firm intends to improve product customisation to better meet local market needs and expand its AWS-based data infrastructure in Mumbai. These efforts aim to support data compliance and performance requirements for Indian enterprises, particularly in heavily regulated sectors such as finance and healthcare.
Coralogix is currently engaged with several Indian enterprises and technology firms. It is also assessing opportunities to strengthen collaborations with leading cloud providers in India and grow its local presence.
Some of its Indian customers include Postman, Jupiter Money, Meesho, BookMyShow, BharatPe, CoinDCX, Razorpay, and Delhivery.
The funding announcement follows the company’s December 2024 acquisition of Aporia, an AI observability and guardrails innovator.
Recently, Coralogix also launched AI Center, an AI observability platform that provides insights not only into performance, but also the quality, security and governance of its responses.
Coralogix CTO Yoni Farin believes that the fresh funding will support further development of its AI-based observability tools, to improve decision-making and accelerate innovation across its operations.
The Indian data observability market is projected to grow to $280.3 million by 2030 from $93.4 million in 2023.
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