Coralogix, a software monitoring startup headquartered in Boston and founded in Israel, raised $200 million in a Series F round in June 2026, valuing the company at $1.6 billion. The round was led by Advent and the Canada Pension Plan Investment Board (CPPIB), with participation from Greenfield Partners and Brighton Park Capital, bringing Coralogix’s total funding to $550 million.
The raise comes just 11 months after the company closed a $115 million Series E round, reflecting the pace at which investor interest in AI infrastructure has grown. Co-founder and CEO Ariel Assaraf said the company did not raise out of necessity, but to accelerate investment in AI-focused products, security offerings, and global expansion.
Founded in 2014, Coralogix collects and analyzes operational data — logs, metrics, and traces — to help companies monitor software health and performance. Its platform serves more than 5,000 customers worldwide, including IBM, Tradeweb, and JFrog. The company surpassed $100 million in annualized revenue more than a year ago and grew revenue by more than 60% over the past year. It now counts about 30 customers spending more than $1 million annually.
The funding is tied to a broader shift in how software is built and operated. As AI agents — systems that can autonomously write code, investigate problems, and complete tasks — move into production environments, Coralogix is betting demand will grow for tools that can track their behavior and flag failures. More than half of its enterprise customers already use either Coralogix’s own AI agent, Olly, or their own AI models to investigate incidents and query operational data, Assaraf said.
“The interface layer is slowly getting eroded,” Assaraf told TechCrunch, noting that engineers are increasingly working through AI assistants and command-line tools rather than traditional dashboards.
Coralogix employs more than 600 people globally, with offices in the U.S., Israel, and India. The company said it does not expect to raise additional capital and is working toward profitability. Assaraf said Coralogix is preparing to operate with the financial discipline of a public company, though he did not commit to an IPO timeline.
Source: TechCrunch