Team Startupcity

• Coralogix raises $115M in Series E funding, achieving unicorn status with a $1B+ valuation.
• India to receive a major investment focus, with plans to expand offices, hire across cities, and build AI capabilities.
• The startup will customise products and boost AWS infrastructure in Mumbai to meet compliance and sector-specific needs.

Coralogix, a security and observability platform based in Israel, has secured $115 million in a Series E funding round, taking its valuation over $1 billion and into unicorn status. The round was headed up by NewView Capital, with support from the Canada Pension Plan Investment Board, NextEquity (started by former Apple executives), and current investors such as Advent International, Brighton Park Capital, and Greenfield Partners, among others.

A significant portion of this funding will be directed toward India, one of Coralogix’s top three global markets. The company plans to strengthen its footprint across sectors such as BFSI, IT & telecom, logistics, and edtech.

"India plays a strategic role in our global roadmap," said Ariel Assaraf, Co-founder and CEO of Coralogix. “We’re focused on building AI-driven capabilities, expanding our partnerships, and creating high-value technology jobs in the country.”

To drive this vision, Coralogix will expand its Gurugram office and enhance Bengaluru and Mumbai hiring, with a focus on engineering, R&D, and customer success functions. The startup hopes to establish hundreds of specialized job roles in the next five years in fields including AI, data science, cloud security, and enterprise sales.

Navdeep, Coralogix APAC President and Snowbit Co-founder, further commented, "Our investment will not only fuel innovation but also significantly contribute to India's tech environment."

As part of its India strategy, Coralogix will support product customization, fortify its AWS-based data infrastructure in Mumbai, and comply with data regulations, particularly for customers in the finance and healthcare sectors.

With customers such as Postman, Jupiter Money, Meesho, BookMyShow, Razorpay, and Delhivery in India, Coralogix is firmly entrenched in the market already and is seeking to increase partnerships with cloud service providers to keep up with increased demand.

The investment comes after its December 2024 acquisition of Aporia, a pioneer in AI guardrails and observability, and its recent introduction of AI Center, a platform providing end-to-end insights into the performance, quality, security, and governance of AI responses.

CTO Yoni Farin mentioned that the investment will enable Coralogix's AI-driven observability products to move faster, enabling businesses to enhance decision-making and innovation. The Indian data observability market is expected to reach $280.3 million by 2030 from $93.4 million in 2023, on a growth curve that Coralogix hopes to dominate, according to reports.