Coralogix, a San Francisco CA-based company stateful streaming analytics platform provider, raised $55M in Series C funding.
The round was led by Greenfield Partners with participation from Red Dot Capital Partners, StageOne Ventures, Eyal Ofer’s – O.G. Tech, Janvest Capital Partners, Maor Investments, and 2B Angels.
The company intends to use the funds to extend their platform beyond observability towards a comprehensive storage-free data solution.
Led by CEO Ariel Assaraf, and CTO Yoni Farin, Coralogix provides a stateful streaming platform for modern engineering teams. The technology produces insights and trend analysis with no reliance on storage or indexing, solving the challenge of data growth in large-scale systems.
In the last quarter, the company almost tripled in YoY growth and more than doubled its paying customer base to over 2000, including 10 of the Fortune 100.