ML Based Log Analytic Startup Coralogix Raises $10M By Aleph

by StartupWorld Staff         

Coralogix, a leading ML-powered log analytics solution startup based in the United States, gets $10 million Series A round led by Aleph. Janvest Capital Partners, StageOne Ventures, and 2B Angels also participated in the investment round. This funding will be used for expanding its market, sales, and also to introduce Coralogix's latest outstanding log analytics innovation. 

The fund raised by Coralogix to date is $16.2 million. With 30 employees, Coralogix widely expanded its business in four years. World's top ventures such as  KFC, Postman, Caesars Palace, and Fiverr are amongst their 1500 customers.

Coralogix is also introducing integrated security information and event management solution (SIEM) and intrusion detection system (IDS). With this move, it will officially enter the market of cybersecurity.

Ariel Assaraf, an ex data product manager in the Defense Forces of Israeli, Lior Redlus, and Guy Kroupp founded Coralogix in late 2014. They build this startup Intending to deliver complex data in a manageable form to small and medium scale firms.

It majorly works on Open source code, Machine Learning algorithm, SaaS technology, cloud computing, Log Analytics, and information technology to maintain immense log data organize quicker and provide data processing in exceptional quality. Coralogix is headquartered in the Western US, San Francisco, and West Coast. 

"What impressed us most about Coralogix is the cult following they've earned from the developer community," said Aaron Rosenson, general partner at Aleph.

Aleph was introduced in 2013, to give a hand to the early-stage entrepreneur eco-system for expansion of their startup and to become ideal for the excellent business strategy. Aaron Rosenson, Eden Shochat, and Michael Eisenberg are the founders of the Israeli venture capital investment startup Aleph. Earlier, it invested in globally growing service solutions such as, WeWork, Aternity, Wix, and Conduit. Aleph partners want to support to the excellent ideas of software services around the world and build a world-famous concrete Israeli company.


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