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Coralogix Raises $25M To Fix Observability Pricing Model

SAN FRANCISCO, Sept. 30, 2020 /PRNewswire/ — Coralogix today announced it has raised a $25 million Series B funding round, bringing the company’s total amount raised to $41.2 million. New investors Red Dot Capital Partners and O.G. Tech Ventures (backed by Eyal Ofer) co-led the round with participation from existing investors Aleph VC, StageOne Ventures, Janvest Capital Partners, and 2B Angels. Barak Salomon of Red Dot Capital partners and Roy Oron of O.G. Tech Partners will join the board of directors.

Coralogix also announced today the launch of ‘Streama’, its real-time analytics solution. The new release challenges the cost model of observability by allowing customers to pay according to data priority instead of solely on volume. By re-engineering the Elasticsearch engine, Coralogix is able to offer queries, alerts, and its ML capabilities without the use of storage. 

“Over the last few years, companies have had to forgo

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