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Image Credit: Economic Times

Israeli data security platform Coralogix raises $115 million

  • Israeli data security platform Coralogix has raised $115 million in a series E funding round led by NewView Capital.
  • The company plans to deploy a significant portion of the capital in India to increase market share in sectors like BFSI, IT & Telecom, Logistics, and EdTech.
  • They aim to expand their office in Gurugram and accelerate hiring in Bengaluru and Mumbai over the next five years, creating hundreds of high-value tech jobs.
  • Coralogix's Indian portfolio includes customers like Postman, Jupiter Money, Meesho, BookMyShow, and others.
  • The funding round values the Tel Aviv-based firm at over USD 1 billion and saw participation from Canada Pension Plan Investment Board and NextEquity.

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