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Home > Cybersecurity > Coralogix raises $25 million Series B funding round

Coralogix raises $25 million Series B funding round

Coralogix announced that it has raised a $25 million in Series B funding round led by Red Dot Capital Partners and O.G. Tech Ventures.

Erdem Yasar by Erdem Yasar
October 1, 2020
in Cybersecurity
1 min read
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Coralogix raises $25 million Series B funding round
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Coralogix raises $25 million in Series B funding round, bringing the company’s total amount raised to $41.2 million. Red Dot Capital Partners and O.G. Tech Ventures co-led the round. Existing investors Aleph VC, StageOne Ventures, Janvest Capital Partners, and 2B Angels also participated in the round.

Streama, real-time analytics solution

Ariel Assaraf, CEO and co-founder, Coralogix
Ariel Assaraf, CEO and co-founder, Coralogix

The company also announced the launch of Streama, its real-time analytics solution. Streama challenges the cost model of observability by allowing customers to pay according to data priority instead of solely on volume. Coralogix is able to offer queries, alerts, and its ML capabilities by re-engineering the Elasticsearch engine. Ariel Assaraf, CEO and co-founder, Coralogix said,

“Over the last few years, companies have had to forgo observability due to prohibitive costs. As a result, monitoring and log management has become increasingly difficult, not to mention it has forced companies to compromise on stability and security. By creating a real-time pipeline that analyzes and queries logs using the Elasticsearch syntax, and powering it with our ML engine, our customers can benefit from all the great visualization and alerting capabilities Elasticsearch offers without its limitations and massive storage costs.”

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Tags: Coralogix Ltd.
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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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