Coralogix

Coralogix

Real-time data analytics and monitoring solutions

About Coralogix

Simplify's Rating
Why Coralogix is rated
A
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Cybersecurity

Company Size

201-500

Company Stage

Series D

Total Funding

$231.7M

Headquarters

San Francisco, California

Founded

2014

Overview

Company Does Not Provide H1B Sponsorship

Coralogix provides a data streaming analytics pipeline called Streama©, which enables businesses to analyze their observability data in real-time without the need for indexing. This technology addresses the challenges posed by increasing data volumes, offering a scalable solution that ensures security through automated assessments and advanced threat protection across various platforms. Coralogix serves clients in sectors like IT, finance, and healthcare, who require effective monitoring and analysis of large data sets. The company operates on a subscription model, generating revenue from client fees, and emphasizes customer support through a dedicated team available 24/7 to assist clients in maximizing their data usage. Coralogix aims to build strong, long-term relationships with its clients by providing a comprehensive and user-friendly data analytics solution.

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Simplify's Take

What believers are saying

  • Acquisition of Aporia enhances AI transparency and security in machine learning observability.
  • Launch of Snowbit expands Coralogix's reach into the growing cloud-native security market.
  • Appointment of Piyush Verma signals strategic focus on product development and innovation.

What critics are saying

  • Increased competition from established players like Splunk and Datadog.
  • Potential integration challenges following the acquisition of Aporia.
  • Snowbit venture may divert focus from core data analytics services.

What makes Coralogix unique

  • Coralogix's Streama© technology offers real-time data analysis without indexing.
  • The Mobile RUM solution provides error tracking without prior indexing, a market first.
  • Coralogix's Tracing TCO Optimizer offers up to 90% cost savings on data retention.

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Funding

Total Funding

$231.7M

Above

Industry Average

Funded Over

5 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$142M
Coralogix

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

-1%
Devs
Dec 24th, 2024
Coralogix Acquires Aporia in $50M Deal to Enhance AI Transparency and Security

Coralogix plans to invest tens of millions of dollars in the AI center to address fundamental issues in AI development, including transparency and ethical monitoring.

GlobeNewswire
Dec 23rd, 2024
AI Exit: Aporia Acquired by Coralogix

AI exit: Aporia acquired by Coralogix.

SiliconANGLE
Dec 23rd, 2024
Coralogix Acquires Aporia, $30M Raised

Coralogix Ltd. has acquired Aporia Technologies Ltd., a machine learning observability startup, for an undisclosed sum. Aporia, founded in 2019, offers a platform for monitoring and improving machine learning models, with features like detecting data drift and AI guardrails. Coralogix plans to launch an AI research center, investing tens of millions over two years. Aporia had raised $30 million, including a $25 million round in February 2022, with investors like Tiger Global and Samsung Next Ventures.

CityBiz
Dec 18th, 2024
Coralogix Appoints Piyush Verma as Head of Product Strategy

Coralogix, the leading AI-powered observability platform, today announced the appointment of Piyush Verma as Head of Product Strategy, marking another milestone in the company's remarkable growth journey, as it has achieved 10x growth over the past three years.

The Fast Mode
Jul 25th, 2024
Coralogix Launches Mobile Real User Monitoring Solution for Rapid In-Stream Data Processing

Coralogix, an in-stream analytics provider for observability data, yesterday announced the launch of its Mobile Real User Monitoring (RUM) solution for iOS, Android, Flutter & React Native applications, the world's first to provide error tracking without requiring prior indexing.

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