<ul data-eligibleForWebStory="true">Coralogix closes a $115 million late-stage funding round and launches an AI agent named 'olly' to democratize observability beyond technical users.The Series E funding was led by NewView Capital with participation from Canada Pension Plan Investment Board and NextEquity.Existing investors like Advent International, Brighton Park Capital, and others also joined the funding, valuing Coralogix at over $1 billion.Coralogix's observability platform aims to detect issues in IT infrastructure by analyzing telemetry data to prevent application failures.The launch of 'olly' intends to involve non-technical users like business leaders and product managers in the observability process.'olly' offers a conversational interface to guide users, provide insights, and suggest actions to enhance decision-making and resolve issues.Users can ask 'olly' specific questions about problems and receive explanations and solutions in simple language, without technical expertise.The AI assistant helps technical users understand system failures by consolidating and interpreting system logs, metrics, and traces.Coralogix CEO Ariel Assaraf views 'olly' as an intelligent assistant that empowers employees to access data and make informed decisions.'olly' marks the latest in Coralogix's updates following the acquisition of Aporia Inc., introducing new AI-powered observability capabilities.Coralogix previously introduced the AI Center and Continuous Profiling feature to enhance observability and improve application performance.The company's investors believe in its potential to drive innovation in observability using AI, distinguishing it from other vendors in the market.