Coralogix, a San Francisco, CA-based provider of an ML-powered log analytics solution, raised $10m in Series A funding.
The round, which brought the total amount raised to date to $16.2m, was led by new investor Aleph with participation from StageOne Ventures, JANVEST Capital Partners, and 2B Angels. In conjunction with the funding, Matt Handler, former VP of Sales and Channel at Sumo Logic, will join the Coralogix board of directors.
The company intends to use the funds to scale sales and marketing and accelerate product innovation for its platform.
Founded in 2015 by Ariel Assaraf, CEO, Coralogix provides an ML powered log analytics platform that allows DevOps teams to autonomously manage and analyze log data in cloud applications. Using it, engineers can narrow down hundreds of millions of logs to suspected logs, broken flows, error trends, and problematic version upgrades in order to reach fast time to market, avoid customer attrition and accelerate their version delivery without compromising quality or stability.
Coralogix is also announcing today they are officially entering the cybersecurity market with the launch of an integrated security information and event management solution (SIEM) and intrusion detection system (IDS) specifically designed for DevOps teams. Leveraging machine learning, the new solution gives companies a multidimensional view of their cloud and on-premise security data. The combined solution enables DevOps teams to tap into their server, audit, VPC Flow Logs, and CloudTrail logs to monitor and analyze their security events. It then leverages the company’s new security service for security anomaly detection within network packets to detect and eradicate any potential threats.
Over 1000 companies including Payoneer, BookMyShow, and PayU use the company to power their businesses.