Coralogix raises $200M to build monitoring tools for AI agents

Coralogix, a Boston-headquartered software-monitoring startup founded in Israel, has raised $200 million in a Series F round—a late-stage funding round. The investment, which values the company at $1.6 billion post-money, was led by Advent and the Canada Pension Plan Investment Board, with participation from Greenfield Partners and Brighton Park Capital. This latest round brings the company’s total funding to date to $550 million, coming 11 months after a $115 million Series E round.

The company’s financial and operational metrics include:

• Revenue growth: Revenue grew by more than 60% over the past year, with the company having surpassed $100 million in annualized revenue more than a year ago.
• Customer base: More than 5,000 customers worldwide, including IBM, Tradeweb, and JFrog. This includes about 30 enterprise customers spending more than $1 million annually.
• Global footprint: More than 600 employees globally, with about 100 based in India, which serves as a regional hub supporting customers across Asia.

The funding comes as the observability industry—the sector focused on monitoring software health and performance—adapts to the rise of AI agents. These are software systems that can autonomously write code, investigate problems, and complete tasks. Coralogix, which competes with companies like Datadog, New Relic, and Splunk, is positioning its platform to handle this shift. According to co-founder and CEO Ariel Assaraf, the traditional interface layer is slowly eroding. Assaraf noted that engineers are increasingly using command-line interfaces (CLIs) and Large Language Models (LLMs) to query operational data and investigate incidents, rather than relying on traditional dashboards.

The startup did not raise the capital because of a need for additional runway, according to Assaraf. Instead, the company plans to use the funding to accelerate its investment in AI-focused products, security offerings, and global expansion. Coralogix is working toward profitability over the next few years and is preparing to operate with the financial discipline of a public company. “We wanted to accelerate, expand, and take a further step into this AI game that we believe we’re leading in our space,” Assaraf said.

Why it matters

Coralogix is betting that the rise of autonomous AI agents will fundamentally change how software is monitored, shifting the industry from traditional dashboards to AI-driven interfaces.