Company
Date Published
Author
Coralogix Team
Word count
1060
Language
English
Hacker News points
None

Summary

Coralogix, a company specializing in observability technology, announced a significant milestone with the successful raising of $142 million in a Series D funding round, co-led by Advent International and Brighton Park Capital. This funding will support the expansion of their innovative Streama technology, which provides real-time insights and trend analysis without relying on storage or indexing, addressing the challenges of data volume and system complexity. Coralogix plans to use the investment to enhance its full-stack observability platform, improve cost efficiency for users, and expand into ten new markets while maintaining high standards of support and security. The platform offers advanced features for logs, metrics, tracing, and security, enabling users to centralize data and gain infinite insights with transparent costs. CEO Ariel Assaraf emphasized the company's commitment to providing a cost-effective, scalable solution for customers across the R&D organization while partnering with notable investors such as Revaia Ventures, Greenfield Partners, and others.