- Data analytics startup Coralogix just raised $55 million in a Series C funding round.
- Experts predict the data analytics market could be worth more than $130 billion globally by 2026.
- Insider got an exclusive look at the pitch deck Coralogix used to bring investors on board.
- See more stories on Insider’s business page.
A data analytics startup that counts Decathlon, KFC, and Monday.com among its customers recently raised $55 million in fresh funds.
California-based Coralogix has developed an analytics platform, known as Streama, for developers that uses machine learning to spot abnormalities and also conduct long-term trend analysis. The company landed the new funds in a Series C round backed by New York and Tel Aviv-based investor Greenfield Partners.
The firm’s patented digital platform allows data engineers to monitor, visualise, and stay alert when keeping track of their information, in the company’s own words: “narrowing millions of events down to common patterns for deeper insights and faster troubleshooting.”
CEO Ariel Assaraf previously told Insider the market was “probably one of the hottest today.”
“It created some monsters,” he said. “We all know Splunk which is at $40 billion today. DataDog, which is a relatively new company, is at $30 billion. Sumo Logic is just eight years old, and they’ve IPOed.”
Alongside Red Dot Capital, Coralogix also won investment from StageOne Ventures, Janvest Capital Partners, Maor Investments, and 2B Angels.
Insider got an exclusive look at the pitch deck it used to bring investors on board. Check it out below: