Enterprise software provider Coralogix recently pulled in $115 million in a Series E funding round that brings its valuation to over $1 billion. The company will use the capital to accelerate the rollout of Olly, its new AI agent designed for observability.
Olly works to make deep observability data accessible across an organization, including both technical and non-technical teams. The tool can determine the root cause of a technical failure within minutes, and it provides insights in plain language to help teams make the next move.
The agent’s release marks Coralogix’s official expansion into the AI space, and it follows several other moves the company announced in 2025. Coralogix recently acquired Aporia, a solution for AI observability and guardrails, and it launched the Coralogix AI Center to offer real-time observability for AI applications on a unified platform.
