App Performance Monitoring Firm Coralogix Raises $55m

San Francisco-based app performance monitoring platform Coralogix has raised $55m in a Series C round of funding, which it will use to scale its R&D teams and go-to-market strategy.

The company offers a technology called Streama, which analyzes logs, metrics and security traffic in real time, and provides long-term trend analysis without storing any of the data. Developers, security engineers and data scientists can use the platform to better understand how data is moving around their networks. The firm's goal is to create a 'data-less' data platform, with long-term insights to monitor applications and systems without storing data, and query capabilities for archived data that hasn't been indexed.

New funding has been led by Greenfield Partners, with participation from existing investors at Red Dot Capital Partners, StageOne Ventures, Eyal Ofer's O.G. Tech, Janvest Capital Partners, Maor ventures, and 2B Angels, following last October's $25m Series B. Coralogix CEO Ariel Assaraf (pictured) comments: 'We have a lot of ambitious goals that we expect to meet in the next few quarters, and this funding will help us get there even faster'.

Web site: www.coralogix.com .