tech
Coralogix raises $200M on bet that someone needs to watch the AI agents
The Series F round values Coralogix at $1.6 billion and comes less than a year after its previous raise.
TL;DR
- Coralogix raised $200 million in a Series F funding round, increasing its total funding to $550 million.
- The startup is valued at $1.6 billion post-money and aims to capitalize on the rise of AI agents.
- The funding will accelerate investment in AI-focused products, security offerings, and global expansion.
- Coralogix monitors software health by analyzing logs, metrics, and traces for over 5,000 customers, including IBM and JFrog.
- More than half of enterprise customers are using AI agents to investigate incidents and query operational data.
- The company saw revenue growth of over 60% in the past year and has about 30 customers spending over $1 million annually.
- Coralogix employs over 600 people globally, with significant operations in the U.S., Israel, and India.