Coralogix recently became the latest observability unicorn, the culmination of all that market maturity. All this success should be credited to their creative approaches and historic investments. The company has grown to an international staff of nearly 550, including nearly 250 Israelis and 100 Indians. As part of this effort, it intends to shore up its presence in South Asian markets, which is the company’s second-largest revenue market after the United States.
In June 2022, Coralogix raised an eye-popping $142 million in a Series D funding round. This successful round was co-led by Advent International and Brighton Park Capital. This capital infusion has allowed the company to pursue new opportunities for growth. It allowed it to make a key acquisition of AI-focused Aporia in December 2024. Even after going through an impressive sevenfold increase in revenues from its previous funding rounds, Coralogix is not profitable to date.
Coralogix leadership is looking to capitalize on this momentum to further expand its operations in India. The company has made known their intentions to invest at least $100 million during the next five years in their Indian operations. This investment will be largely focused on growing the office in Gurugram. Moreover, it will add 20,000 more staff with a focus in core cities such as Bengaluru and Mumbai.
“Our goal is we build this new way of architecture, analyzing stream query from remote, this new way of customer engagement, these new geographies that we’re invested in now, this new AI experience, how you monitor AI and how you use AI to monitor,” said Ariel Assaraf, CEO of Coralogix.
The company is very excited about its new, proprietary AI observability agent, Olly. This new powerful tool was produced at their AI innovation hub. We designed this new tool to help overcome those challenges and improve the way we monitor and analyze often complex data streams. As Assaraf adds, “We have a unique opportunity, based on our architecture of being able to analyze stream query from far away, reducing costs. We’re gonna put a ton of money in there and expand the AI research center much larger.
Coralogix has made a formidable entrypoint into the South Asian market, with 100+ customers already on board with their service. The engineering cultures of Israel and India have a very similar ethos and Coralogix sees this as a great benefit to further collaboration. Assaraf remarked, “Because we see just a really good fit between the Israeli engineering culture and Indian engineering culture, it’s a get-it-done, very independent, very committed to the mission type of engineering that we see a very good fit for us to expand into.”
Additionally, Coralogix is seeking out merger and acquisition (M&A) opportunities in India to bolster its team and operational capabilities. Assaraf mentioned that they’ve had discussions with a number of Indian companies regarding possible mergers and acquisitions. So far, it hasn’t materialized. Continuing to diversify and expand our engineering team would be a dream come true for us. It’s kind of like the best and easiest cheat code to developing an amazing core team.
Coralogix is riding that wave and ambitiously plowing ahead. Simultaneously, it is committed to being as cutting edge as possible in the fast-moving technology environment. The company’s pledge to invest $15 billion —an eye-popping amount—shows it’s serious about pulling the necessary levers to encourage massive success in the world’s other gigantic market.