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
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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