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Venture Capital News: Coralogix Lands $25M Series B Funding

SAN FRANCISCO, CA, Coralogix announced $25M in Series B funding led by Red Dot Capital Partners and O.G. Tech Ventures.
According to TC, Coralogix announced $25 million Series B and a new real time analytics solution called Streama. The round was led by Red Dot Capital Partners and O.G. Tech Ventures with help from existing investors Aleph VC, StageOne Ventures, Janvest Capital Partners and 2B Angels. Today's round, which comes after the startup's $10 million Series A last November, brings the total to $41.2 million raised, according to the company. CEO and co-founder Ariel Assaraf, described his company as more of an intelligent applications performance monitoring with some security logging analytics. The company is continuing to grow from 60 people in the next year.

Coralogix was founded in 2014, with the aim of making unmanageable log data manageable. Coralogix's machine learning-powered log analytics solution automatically clusters millions of log records back into their patterns and finds connections to form the baseline flows of each software individually. Coralogix helps over 1000 companies to get a grasp on their log data and proactively solve their production problems.
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