As AI agents gradually enter enterprise production environments, the data infrastructure surrounding monitoring, troubleshooting, and operations is also gaining momentum. Boston-based, Israel-founded Coralogix has completed a $200 million Series F funding round, bringing its post-money valuation to $1.6 billion.

Received another round of financing within 11 months

This funding round comes just 11 months after Coralogix raised $115 million in its Series E funding round. The new round was led by Advent and the Canada Pension Plan Investment Board (CPPIB), with participation from Greenfield Partners and Brighton Park Capital.

The company's total funding has increased to $550 million. Coralogix is betting that as AI agents take on more coding, problem-solving, and task execution, businesses will need to continuously monitor the operational status of these systems and quickly pinpoint the causes of failures.

Customers start using AI to check operational data

Founded in 2014, Coralogix primarily collects and analyzes operational data such as logs, metrics, and traces to monitor the health and performance of software systems. It has over 5,000 customers, including IBM, Tradeweb, and JFrog.

According to Ariel Assaraf, co-founder and CEO of the company, more than half of the enterprise customers are already using the company’s own AI agent, Olly, or accessing their own models via command line and agent interfaces to handle incident investigations and operations data queries.

He stated that engineers are gradually reducing their reliance on traditional dashboards, instead interacting with the system through AI assistants and command-line tools. For customers, the focus is no longer simply on logging into the backend to view data, but rather on directly asking the AI where the system is malfunctioning.

Funds are invested in products and expansion.

Coralogix stated that its revenue grew by over 60% in the past year, and it currently has approximately 30 clients with annual spending exceeding $1 million. The company also said that its annual recurring revenue surpassed $100 million more than a year ago, but did not disclose the latest figures.

Coralogix currently employs over 600 people globally, with approximately 100 located in India. The company states that India has become a crucial regional hub outside of the United States and Israel, serving both Asian clients and helping it expand its reach to large local enterprises and financial institutions.

This funding is not intended to replenish short-term cash reserves. The company stated that the funds will primarily be invested in AI products, security business, and global expansion. Its goals for the next few years are to achieve profitability and strengthen financial discipline according to publicly traded company standards, but it did not provide an IPO timeline.