Funding round brings in $142 million for Coralogix

Coralogix, a provider of observability and streaming analytics services, announced that a Series D funding round has generated $142 million for the company, bringing its total funding to $238 million, according to VentureBeat. Coralogix offers a cost-effective answer to enterprises' need for a full-stack observability platform that provides alerting capabilities, machine learning models and access to real-time assets while not relying on storage or indexing, which helps to cut down on additional costs. This enables users to obtain insights on their data "without relying on storage or indexing, which enables better performance, better stability, and advanced TCO optimization with transparent and predictable costs," according to Coralogix CEO Ariel Assaraf. The platform also provides access to network data security, automatic data clustering into templates, log flow alerts and CIDC version benchmarks to give users enhanced visibility across complex cloud environments. "We are also focused on maintaining an open data platform so users can send any data, query using any syntax, and visualize in any dashboard," said Assaraf. "This helps to facilitate onboarding and widespread adoption in any organization with no vendor lock-in."