A $115 million Series E funding round has pushed observability platform provider Coralogix past a $1 billion valuation, as the company looks to expand its AI-powered offerings across enterprise environments.
The funding round was led by NewView Capital, with participation from the Canada Pension Plan Investment Board and NextEquity, the venture firm founded by former Apple executives. Returning investors include Advent International, Brighton Park Capital, Revaia, and Greenfield Partners.
This latest financial milestone comes with the unveiling of “olly”, a generative AI assistant built to simplify access to observability data for both technical and non-technical users.
Observability tool aims to broaden enterprise access to data-driven insights
olly is designed to act as a conversational interface for exploring system data, delivering three key solutions: surfacing insights from telemetry data, identifying root causes of failures in systems, and guiding users toward potential fixes.
According to the company, this feature enables the agentic AI system to provide contextual answers to natural language questions.
Users can prompt the AI assistant to identify issues with specific services or explore trends in application behavior with queries like “which service is frustrating our users the most?”.
Emphasizing the role of AI in its platform, Yoni Farin, co-founder and CTO of Coralogix, said: “AI is not just part of the future; we believe it’s the foundation of it. That’s why we’ve made a bold, foundational change to embed AI into the core of our platform.”
Platform Expands with AI Model Oversight Capabilities
olly builds on Coralogix’s existing observability architecture and follows the company’s 2024 acquisition of Aporia, which added capabilities for AI model observability and safety guardrails. The platform now features a dedicated AI Center, providing customers with tools to monitor model performance, reliability, and compliance.
“olly is more than just an observability tool; it’s an intelligent assistant that empowers employees to gain full access to all their data and make better decisions,” said Ariel Assaraf, CEO of Coralogix.
Investment Supports Shift Toward AI-Driven Decision Making
With general availability expected in early Q3 2025, Coralogix appears to be on a move to help enterprises bridge the gap between engineering and strategic business goals.
The company states that its latest investment will support efforts to integrate AI more deeply across the observability lifecycle, while enhancing accessibility for non-technical teams.
Coralogix remains focused on leveraging AI to enable best observability practices. Revisit our interview with CEO Ariel Assaraf from April to learn more about the company’s approach to the market.