Coralogix raises $200M for AI agent monitoring boom

Coralogix, a Boston-headquartered observability startup founded in Israel, has raised $200 million in a Series F round at a $1.6 billion post-money valuation. The round was led by Advent and the Canada Pension Plan Investment Board (CPPIB), with participation from Greenfield Partners and Brighton Park Capital. This comes just 11 months after a $115 million Series E, reflecting surging investor appetite for AI infrastructure. The company has now raised $550 million total. Founded in 2014, Coralogix helps organizations monitor software health by collecting and analyzing logs, metrics, and traces. It serves over 5,000 customers, including IBM, Tradeweb, and JFrog, and surpassed $100 million in annualized revenue over a year ago. Revenue grew more than 60% in the past year, with roughly 30 customers spending over $1 million annually.

The funding comes as the observability industry—competing with Datadog, New Relic, and Splunk—is reshaped by AI agents: autonomous software that can write code and troubleshoot problems. Coralogix co-founder and CEO Ariel Assaraf noted that over half of enterprise customers now use its AI agent Olly or their own LLMs via command-line interfaces to investigate incidents, rather than traditional dashboards. “The interface layer is slowly getting eroded,” he said. The startup employs over 600 people globally, with a major hub in India supporting Asian expansion. Assaraf emphasized that the funding is not needed for runway but to accelerate AI products, security offerings, and global expansion. Coralogix is working toward profitability over the next few years and preparing for a potential IPO, though no timeline is set.