Coralogix Closes $115M Series E to Expand AI Observability Agent ‘Olly’
By James Dargan · · 1 min read
Coralogix, an observability and security platform, has raised $115 million in new equity led by NewView Capital with Canada Pension Plan Investment Board and NextEquity, lifting its valuation above $1 billion.
CEO Ariel Assaraf said the funds will “supercharge Olly, our AI agent, and double Indian engineering capacity.” Olly analyzes live telemetry and external data to explain service slowdowns, detect anomalies and surface customer-impact insights through simple prompts.
Proceeds will enlarge the Gurugram R&D hub — part of a planned $100 million, five-year investment — and support acquisitions targeting India’s market, which already supplies 100 of Coralogix’s 550 customers. Revenue has grown seven-fold since 2022; an IPO is eyed within three years.
