Coralogix raises $200 million to build monitoring tools for AI agents

In short: Coralogix raised $200 million to expand software that helps companies watch how AI agents behave and fix problems faster.

What happened

Coralogix, a Boston-based startup founded in Israel, raised $200 million in a Series F funding round. The round values the company at $1.6 billion.

Advent and the Canada Pension Plan Investment Board (CPPIB) led the funding. Greenfield Partners and Brighton Park Capital also joined. Coralogix says it has now raised $550 million total.

The company sells “software monitoring” tools. In simple terms, it helps businesses keep track of their apps and systems by collecting clues about what is happening inside them, like error messages and performance data (similar to a car’s dashboard warning lights and a mechanic’s diagnostic report). Coralogix says it has more than 5,000 customers, including IBM, Tradeweb, and JFrog.

Coralogix is betting that the rise of AI agents will increase demand for this kind of tracking. AI agents are software systems that can do tasks with less human help, like investigating a problem or writing some code. CEO Ariel Assaraf told TechCrunch that more than half of Coralogix’s enterprise customers now use its AI agent, called Olly, or connect their own AI models to query data and investigate incidents.

Why it matters

As more companies let AI systems take actions on their own, they will need better ways to understand what those systems did, when something went wrong, and why. Tools like Coralogix aim to provide that record, which can help reduce outages and improve safety and reliability.

Source: TechCrunch AI