Coralogix lands $200M to monitor AI agents

Founded in Israel and headquartered in Boston, software monitoring startup Coralogix has secured $200 million in a fresh funding round. The company is betting that the growing adoption of AI agents will fuel demand for next-generation tools capable of monitoring, troubleshooting, and managing increasingly autonomous software systems.

This Series F round arrives just 11 months after a $115 million Series E, underscoring how rapidly investor interest in AI infrastructure companies has accelerated. The new investment values Coralogix at $1.6 billion post-money and was led by Advent and the Canada Pension Plan Investment Board (CPPIB), with additional backing from Greenfield Partners and Brighton Park Capital. Total funding to date now reaches $550 million.

The investment comes as software companies race to adapt to the rise of AI agents — systems that can autonomously write code, investigate issues, and complete tasks previously requiring a human engineer. Coralogix is among a growing number of infrastructure firms betting that as AI systems move into production, demand will grow for tools that monitor behavior, diagnose failures, and deliver the operational data needed to keep them running reliably. (The more autonomous software you deploy, the more you need to know when something goes wrong — and why.)

Founded in 2014, Coralogix helps companies track the health and performance of their software by collecting and analyzing operational data such as logs, metrics, and traces — essentially a continuous record of what a system is doing and how it is behaving. The platform serves more than 5,000 customers worldwide, including IBM, Tradeweb, and JFrog, helping them detect outages, investigate incidents, and optimize applications.

The observability market — where Coralogix competes with Datadog, New Relic, and Splunk — is being reshaped by AI. Vendors are increasingly embedding AI into monitoring and incident response workflows as enterprises deploy more AI-powered applications and agents.

This shift is already changing how customers interact with Coralogix’s platform, co-founder and CEO Ariel Assaraf (pictured above, right) said in an interview. He noted that more than half of the startup’s enterprise customers now use either its AI agent, Olly, or their own AI models via command-line and agentic interfaces to investigate incidents and query operational data.

“The interface layer is slowly getting eroded,” Assaraf told TechCrunch, observing that engineers are increasingly interacting with software through AI assistants and command-line tools rather than traditional dashboards. “Most of the usage is going to be around, ‘How do I connect my LLM to this? How do I operate this through my CLI?’” In plain terms, his customers are less interested in logging into a dashboard and more interested in asking an AI assistant what’s wrong.

The shift has coincided with strong growth for Coralogix. The startup grew revenue by more than 60% over the past year and now counts about 30 customers spending over $1 million annually, Assaraf said, as it expands further into the enterprise market. The company surpassed $100 million in annualized revenue more than a year ago, Assaraf added, though he declined to disclose current figures.

The startup employs more than 600 people globally, with about 100 based in India, which has become its third-largest office after the U.S. and Israel. The India operation, Assaraf noted, has evolved into a regional hub supporting customers across Asia while helping Coralogix expand into large domestic enterprises, including financial institutions.

Coralogix did not raise the funding because it needed additional runway, Assaraf said, adding that the capital would be used to accelerate investment in AI-focused products, security offerings, and global expansion.

“In the AI era, execution and speed matter more than any point-in-time valuation,” he said. “We wanted to accelerate, expand, and take a further step into this AI game that we believe we’re leading in our space.”

Coralogix does not currently expect to raise additional capital and is working toward profitability over the next few years, Assaraf said. The company is also preparing to operate with the financial discipline of a public company, he said, though he stopped short of committing to a timeline for an initial public offering.