San Francisco-headquartered data analytics and management log analytics platform Coralogix has announced it has successfully secured US$25 million in a Series B round of funding in a press statement. The round of financing was co-led by new investors in the company Red Dot Capital Partners and Eyal Ofer-backed O.G. Tech Ventures, the statement noted.
Other participating investors in the round include R Aleph VC, StageOne Ventures, and 2B Angels, and Janvest Capital Partners.
As part of the deal, Roy Oron from O.G. Tech Partners will be joining Coralogix’s board of directors of the startup.
According to the statement, this fresh capital infusion brings the startup’s total funding to $41.2 million.
Founded in 2015 by Ariel Assaraf, Guy Kroupp, Lior Redlus and Yoni Farin, Coralogix is ML-driven log analytics and monitoring solution based in Israel, India and the U.S., with its headquarters in San Francisco.
The startup will utilize part of the fresh funds to support it expansion to India offer customers localized Amazon Web Services (AWS) regional server support and data storage capabilities.
“As an organization that caters to 10 million users, Coralogix has scaled to meet our accelerated growth seamlessly and has demonstrated extreme focus on their customers’ needs,” said Shamasis Bhattacharya, Chief Software Architect, Postman.
“It was almost impossible to see the full picture before Coralogix, now we are able to get all the data cleaned up and centralized for faster response times,” said Ben Yitzhaki, Infrastructure Engineer, Monday.