Israeli startup Coralogix announced the completion of its Series F capital raising, in which it raised $200 million at a market price of $1.6 billion, increasing its value by 60%. The total investment in the company since its founding has reached $550 million.
The company, which has centers in Israel and the United States (each with 300 employees), has developed a platform to automatically detect software failures, alert them in real time and provide customers with fault analysis.
The company serves more than 5,000 enterprise clients worldwide, including IBM, Tradeweb and JFrog, and processes petabytes of manufacturing data daily across eight regions – including the Israeli public sector. Having undergone accreditation procedures with American government agencies, in particular the US Department of Education, the company gained access to significant targeted budget resources.
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