CorologicsAn Israeli startup has offered a full stack and a security platform, which has almost doubled in 2022 in three years from its last round.
With the arrival of cash, startup is seeking to expand its engineering base in India and develop its AI agent.
The All Equity and All Primary Series E -Round is led by California -based Venture Growth firm New View Capital, with the participation of the Canadian Pension Plan Investment Board and Next Equity, a former Apple executive by Apple Tiwan and Fred Anderson.
Nowadays, data observation capacity has become increasingly important as more companies store and take advantage of the data to benefit the benefits of AI. However, in a company, not everyone has time or resources to investigate a problem thoroughly or make an important decision based on their data stream. The purpose of Corloggx is to solve this challenge with its AI observation agent, Oli.
The agent uses a spiritual layer that contains internal data, including metadata, with external sources, such as information available on the Internet, to help companies understand complex issues, such as identifying slow service causes or using normal system errors, using easy text indicators.
“If it is going wrong, trained to answer more broader questions than it is going wrong, AI agent can help users who are the most frustrated, who is frustrating, if it is going wrong.
Oli includes features such as irregularity detection, access monitoring, and real -time alerts to observe users’ LATA data. It was developed by the AI ​​Research Center in Corologics, which aims to spread it to its new capital.
Along with its AI agent, Corolugx provides observation and care to AI companies, and offers them the performance of their models as well as their reaction quality, security and governance. All this happened in December 2024 through the acquisition of Apuria.
“There is an opportunity for us, which is looking at the architecture of remotely, low -cost analysis of the river queries,” he said.
Startup plans to take advantage of India’s Engineering Base for its AI ambitions, which aims to invest about $ 100 million in the country over the next five years. This investment plan is to increase his office in Grogram and hire more staff in Bangalore and Mumbai to build engineering, R&D, and customer success teams.
It has about 550 employees as a whole, Corlogix has about 250 people in Israel and 100 in India. It plans to double the foundation of Indian employees in the next three years.
“Since we see only a good Fit foot between Israeli engineering culture and Indian engineering culture, it is gained one, very independent, very committed to mission -type engineering, in which we see a very good fit to expand.”
The South Asian market is also the second largest market in terms of revenue and consumer base, with more than 100 users, after the US, the executive said.
Indian companies are among the users of postman, Jupiter Money, Meshu, Book Mishu, Bhattep, Condox, and Raz Pay Corologics. It also serves banks and businesses and wants the Indian government to tap as its next major client. In addition, the startup is looking at the Indian startup to increase its maps in the country.
“We have talked to some Indian companies about the potential M&A, but nothing has been fulfilled about the potential M&A. It can be a very good and easy way for us to get a strong basic team because we think about increasing our engineering.”
In June 2022, Corlogics raised $ 142 million in a series D -round led by Edont International and Brighton Park Capital. Since then, Asif said that his income has seen a 7X growth in the beginning, though it is not yet profitable.
Startup, which considers the data dog as its key competitor, aims to file for the US IPO on the Nice Deck in three years.
“Our goal is to develop this new method of architecture, analyze the stream inquiry from far away, this new way of engagement of consumer, new geography, in which we are now investing, is also a new AI experience, how you monitor AI and how you use AI,” He added that after showing progress on these fronts, it will look for an IPO.
In the latest era, existing investors of Corloggx also appeared, including Edont International, Brightton Park Capital, Rewaya, Green Field Partners, Red Dot Capital Partners, OG Venture Partners, Jul Capital Partners, and Extra Investment.